Daud Olatunji
President Bola Ahmed Tinubu has agreed to a new minimum wage of N70,000.
PLATFORM TIMES reports that the decision was disclosed by the Minister of Information and National Orientation, Mohammed Idris, following a crucial meeting between the government and organised labour.
PLATFORM TIMES further reports that the meeting, which took place at the President’s office in Abuja, was attended by key labour leaders, including the President of the Nigerian Labour Congress (NLC), Joe Ajaero, and the President of the Trade Union Congress (TUC), Festus Osifo.
It was further gathered that the labour representatives arrived at 2.15 pm.
PLATFORM TIMES observes that President Tinubu’s approval of the N70,000 minimum wage marks a significant shift in the government’s approach to labour issues.
The President also announced a commitment to review the national minimum wage law every three years to ensure it remains in line with economic realities and inflation rates.
He said the periodic review aims to safeguard the purchasing power of Nigerian workers and provide a more sustainable wage system.
Additionally, President Tinubu acknowledged the challenges faced by the private sector and sub-national governments in implementing the new wage structure.
He promised to explore various mechanisms to assist these sectors in meeting the new minimum wage requirements, thus ensuring a more comprehensive and inclusive approach to wage adjustments across the country.
PLATFORM TIMES gathered that the labour leaders expressed their appreciation for President Tinubu’s “fatherly gesture” and praised his proactive stance on workers’ welfare.
They emphasised the positive impact this decision will have on the livelihoods of millions of Nigerian workers and their families.
President Tinubu also addressed the ongoing concerns of university unions regarding unpaid salaries.
He assured the labour leaders that he would use his discretionary powers to address the demands of the university unions, particularly concerning the payment of four months of outstanding salaries.
This meeting marks the second time in seven days that the government and labour leaders have convened.
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