Economy
FG, NLC, TUC agree on N70,000 minimum wage, to be reviewed every 3 years
President Bola Tinubu’s government, NLC and TUC have agreed on N70,000 as the new minimum wage. This was announced by information minister Mohammed Idris at the end of the meeting with labour at the State House on Thursday. Tinubu approved the N70,000 minimum wage for Nigerian workers with a 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. The decisions were announced 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.
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