President of the Nigeria Labour Congress, Joe Ajaero, on Thursday, explained why Organised Labour accepted the N70,000 minimum wage proposed by President Bola Tinubu.
Ajaero, who addressed State House reporters after the meeting with Tinubu, said the unions accepted the N70,000 offer because of other incentives attached.
Giving another reason for their acceptance of the offer, the NLC president added, “The President promised a review every three years as against what obtained in the past.”
Tinubu had earlier on Thursday approved the sum of N70,000 as national minimum wage, according to his Special Adviser on Information and Strategy, Bayo Onanuga.
The President reportedly announced the new minimum wage during a meeting with the leadership of the Organized Labour in Abuja.
Thursday’s meeting came barely a week after the first meeting the President had with the Labour leaders last week.
The N70,000 new minimum wage, when approved by the National Assembly will replace the current N30,000 minimum wage, which expired on April 18, 2024.
According to Onanuga, who posted via his official X handle, @aonanuga at exactly 03:31pm, “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 to meet the demands of university unions demanding unpaid 4 months salaries.”
