FG and Labour Agree on ₦70,000 Minimum Wage — Minister

Minister of Information Mohammed Idris announced that the Federal Government and the leadership of the Organised Labour have agreed on a new minimum wage of ₦70,000 for Nigerian workers.

The agreement was reached during a meeting between President Bola Tinubu and the leaders of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) on Thursday in Abuja.

“We are pleased to announce that both the Organised Labour and the Federal Government have agreed to increase the current ₦62,000 minimum wage. The new national minimum wage that Mr. President will present to the National Assembly is ₦70,000,” an elated Idris told State House correspondents.

NLC President Joe Ajaero, TUC boss Festus Osifo, Labour Minister Nkiruka Onyejeocha, and other officials from both sides were present at the announcement.

Wage to Be Reviewed Every Three Years

Ajaero confirmed the ₦70,000 figure and mentioned that the minimum wage would now be reviewed every three years instead of five.

“We were here last week, and we are here now. The announced amount of ₦70,000 reflects our current position. However, we will not wait another five years to renegotiate,” Ajaero stated.

Labour Minister Onyejeocha added that President Tinubu has directed the Ministers of Finance and Budget, Wale Edun and Atiku Bagudu, to develop plans to resolve issues with the Senior Staff Association of Nigerian Universities (SSANU) and the Non-Academic Staff Union of Educational and Associated Institutions (NASU).