Business a.m.
The federal government and representatives of Nigeria’s organised labour , the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC), have agreed on a national minimum wage of N70,000.
The crucial decision was reached during a just concluded meeting held at the State House in Abuja, where the president also promised to review the national minimum wage law every three years.
Addressing concerns surrounding the latest development, Bayo Onanuga, special adviser to the president on information and strategy, has issued a statement confirming that the president is committed to providing the necessary assistance to the private sector and state governments to ensure they can meet the wage requirement.
“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 4 months salaries,” Onanuga stated.
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