The President of the Nigeria Labour Congress, NLC, Joe Ajaero said that the organized labour unions agreed to the offer of 70,000 as minimum wage due to the additional incentives included and the promise of a review every three year by the President Bola Tinubu-led administration.
Ajaero made this known to journalists after President Tinubu approved the N70,000 national minimum wage on Thursday, as confirmed by his Special Adviser on Information and Strategy, Bayo Onanuga.
Tinubu announced the new wage during a meeting with the leadership of the Organized Labour in Abuja.
This meeting was the second within a week between the President and Labour leaders.
The new minimum wage, pending approval by the National Assembly, will replace the N30,000 minimum wage which expired on April 18, 2024.
Onanuga shared the news via his official X handle at 03:31 pm, detailing the approval and the commitment to review the minimum wage law every three years.
President Tinubu also promised to support the private sector and sub-national governments in paying the new minimum wage.
Additionally, he pledged to address the demands of university unions for unpaid salaries.
The Labour leaders expressed their appreciation for the President's actions and his commitment to their concerns
