Nigeria’s national minimum wage now ₦70,000
•Tinubu promises review every three years
The Federal Government and organised labour have today, 18 July, 2024, settled for ₦70,000 national minimum wage, WatchmanPost can confirm.
Information to this effect was confirmed by the national president of the Nigeria Labour Congress (NLC), Comrade Joe Ajaero, after a meeting between President Bola Ahmed Tinubu and organised labour, represented by the NLC and Trade Union Congres (TUC).
The amount is a little more than one hundred per cent of the ₦30,000 put in place by the Muhammadu Buhari government in 2019, which expired on April 18, 2024.
The tripartite committee set up to review the minimum wage had recommended ₦62,000, an amount labour rejected, insisting that it had to be ₦250,000.
Justifying their acceptance of ₦70,000, Ajaero, as reported by The Punch, said, “the President promised a review every three years as against what obtained in the past”, besides additional incentives Ajaero did not mention.
Nigeria’s national minimum wage by statutory requirement is to be reviewed every five years, and until the relevant law is reviewed, the three years promised by Tinubu for the next review remains a promise.
