By Chibuike Nwabuko
ABUJA FCT – At last, President Bola Tinubu has yeilded to pressure from the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) and approved N70,000 minimum wage for Nigerian workers with 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.
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 to meet the demands of university unions demanding unpaid 4 months salaries.
Precise Post recalls that the organised labour has demanded that the minimum wage be increased from N30,000 to N650,000 following the federal government’s announcemenr of the removal of fuel subsidy on the 29th May, 2023. This singular action led to geometric rise in the prices of goods and services in an already ailing economy.
