On Thursday, Joe Ajaero, President of the Nigeria Labour Congress, explained why the Organized Labour welcomed President Bola Tinubu’s proposal for a minimum salary of N70,000.
Ajaero, who spoke to State House media after the meeting with the President, stated that the unions accepted the offer since it included additional incentives.
He stated that another reason for accepting the offer is that “the President promised a review every three years as opposed to what obtained in the past.”
Bayo Onanuga, President Bola Tinubu’s Special Adviser on Information and Strategy, announced on Thursday that N70,000 has been approved as the nation’s minimum wage.
Tinubu was said to have announced the new wage during a meeting with the leadership of the Organized Labour in Abuja.
Thursday’s meeting came a week after the first meeting the President had with the Labour leaders last week.
The new minimum wage when approved by the National Assembly will replace the N30,000 minimum wage which expired on April 18, 2024
Onanuga who posted via his official X handle, @aonanuga at exactly 03:31 pm said, “Breaking: President Bola Tinubu has approved N70,000 minimum wage for Nigerian workers with promise to review the national minimum wage law every three years.
“President Tinubu also promised to find ways to assist the private sector and the sub-nationals to pay the minimum wage.
“President Tinubu announced the decisions at the meeting held with leaders of TUC and NLC on Thursday in Abuja, the second time the parties met in 7 days.
“The Labour leaders applauded President Tinubu for the fatherly gesture as the President also promised to use his discretionary powers meet the demands of university unions demanding unpaid 4 months salaries.”
