By THE President of the Nigeria Labour Congress (NLC), Joe Ajaero, has given the reasons for the acceptance of the proposed N70,000 minimum wage by President Bola Tinubu.
Recall that President Tinubu and the organised labour on Thursday agreed on N70,000 as the new national minimum wage.
The agreement was reached at a meeting he had at the Presidential Villa, Abuja NLC and the Trade Union Congress (TUC) led by their presidents, Ajaero and Festus Usifoh.
Minister of Information and National Orientation, Mohammed Idris, made the disclosure while briefing correspondents at the end of the meeting.
President Bola Tinubu with leaders of the organised labour
He said the president shifted from the N62,000 to N70,000 with a commitment to embark on massive investment in infrastructure, and renewable energy as well as to make CNG buses available.
The review of the national minimum wage will also now come after every three years.
Ajaero, while speaking to State House Correspondents after the meeting with the president, said the unions agreed to the offer because of other incentives attached.
He said another reason for accepting the offer was because “ the President promised a review every three years as against what obtained in the past.”
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
President Tinubu’s aide, Bayo Onanuga, who also posted the development 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 four months salaries.”
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