President Bola Tinubu has approved N70,000 (seventy thousand naira only) minimum wage for Nigerian workers, promising to review the national minimum wage law every three years.
Mohammed Idris, Minister of Information, announced this at the Presidential Villa in Abuja, on Thursday.
According to Idris, the president made the announcement at the meeting with leaders of the organized labour.
Comrade Joe Ajaero, President of Nigeria Labour Congress (NLC), and Comrade Festus Usifo, President of the Trade Union Congress (TUC), were at the meeting alongside some members of their unions.
Leaders of the organised Labour have given reasons for accepting the N70,000 minimum wage President Bola Tinubu approved for Nigerian workers.
Briefing reporters after the meeting, Comrade Joe Ajaero, President of Nigeria Labour Congress (NLC), said the unions had accepted the offer.
Flanked by Comrade Festus Usifo, President of the Trade Union Congress (TUC), and other representatives of Nigerian workers, who attended the meeting, Ajaero said the unions agreed to the offer because of other incentives attached.
He said another reason for accepting the offer is because the president promised a review every three years as against what obtained in the past.
Recall that before the meeting, labour leaders have insisted on N250,000 minimum wage.