President Bola Tinubu has approved N70,000 as new 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 new minimum wage.
The President announced this during a meeting with leaders of the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) at the presidential villa on Thursday.
The Labour leaders, according to Bayo Onanuga, applauded 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.
Confirming the development, the Minister of Information and National Orientation, Alhaji Mohammed Idris disclosed that organised labour agreed to the N70,000 new minimum wage.
TNG reports Idris spoke at the end of the meeting between President Tinubu and labour at the State House on Thursday.