The controversies surrounding the minimum wage seem to have been laid to rest as President Bola Tinubu has approved N70,000 for it.
Labour too has accepted the offer, in a way that stakeholders will likely applaud.
It had insisted on more than thrice of the amount, but the coast is now settled.
The Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, in a statement on X, confirmed the development.
“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 statement read.
Onanuga further noted that labour leaders praised President Tinubu’s “fatherly gesture”, and the President also vowed to exercise his executive discretion to address the outstanding four months’ salaries owed to university unions.
