BREAKING: Tinubu reaches agreement with Labour leaders, pegs new minimum wage at N70,000

President Bola Tinubu has reportedly approved a new minimum wage of N70,000 for Nigerian workers.

The announcement was made during a meeting with leaders of the Trade Union Congress (TUC) and the Nigerian Labour Congress (NLC) in Abuja on Thursday.

A statement by the Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, revealed that the new minimum wage will be reviewed every three years.

The statement read, “President approves 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.”