Timeless Update reports that the announcement was made by the Minister of Information and National Orientation, Mohammed Idris, after a key meeting between the government and organized labour.
Timeless Update further reports that the meeting, held at the President’s office in Abuja, included key labour leaders, such as the President of the Nigerian Labour Congress (NLC), Joe Ajaero, and the President of the Trade Union Congress (TUC), Festus Osifo.
It was also reported that the labour representatives arrived at 2:15 pm.
Our correspondents observe 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 committed to reviewing the national minimum wage law every three years to ensure it aligns with economic realities and inflation rates.
He said the periodic review aims to protect the purchasing power of Nigerian workers and provide a more sustainable wage system.
Additionally, President Tinubu recognized 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, ensuring a more comprehensive and inclusive approach to wage adjustments across the country.
Timeless Update gathered that the labour leaders expressed their appreciation for President Tinubu’s “fatherly gesture” and praised his proactive stance on workers’ welfare.
They emphasized 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 move is expected to ease tensions within the education sector and foster a more cooperative relationship between the government and academic institutions.
This meeting marks the second time in seven days that the government and labour leaders have convened, highlighting the ongoing dialogue and negotiation process aimed at resolving labour issues in the country.
