The Nigeria Labour Congress President, Joe Ajaero, provided justification on Thursday for the Organized Labor’s acceptance of President Bola Tinubu’s proposal for a N70,000 minimum wage.
After the meeting with the President, Ajaero told State House reporters that the unions accepted the offer because there were additional incentives included.
In addition, he stated that “the President promised a review every three years as opposed to what was obtained in the past,” which is another reason for accepting the offer.
It was reportedly during a meeting with the Organized Labour leadership in Abuja that Tinubu revealed the new wage. The N30,000 minimum wage, which ended on April 18, 2024, will be replaced by the new minimum wage after it is approved by the National Assembly.
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 a 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 in paying 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 to meet the demands of university unions demanding unpaid four-month salaries.”
