By Sabiu Abdullahi
President Bola Tinubu has approved a new minimum wage of N70,000 for Nigerian workers, with a promise to review the national minimum wage law every three years.
The announcement was made by the Minister of Information, Mohammed Idris, at the Presidential Villa in Abuja.
The president made this announcement during a meeting with leaders of organised labour, including the President of the Nigeria Labour Congress (NLC), Comrade Joe Ajaero, and the President of the Trade Union Congress (TUC), Comrade Festus Usifo, among others.
Prior to the meeting, labour leaders had demanded a minimum wage of N250,000, but the approved amount is a compromise.
This development is a significant step in the ongoing negotiations between the government and labour unions.