The Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC) have accepted the N70,000 minimum wage offered by the Federal Government, led by President Bola Tinubu. This was announced by NLC President Joe Ajaero after a meeting at the Presidential Villa in Abuja.
Ajaero noted that the unions agreed to the offer due to the additional incentives attached. “A significant factor in our decision was the President’s promise to review the minimum wage every three years, a departure from previous practices,” he said.
The labour leaders had initially demanded a minimum wage of no less than N250,000. However, the agreed amount, coupled with the promise of periodic reviews, persuaded the unions to accept the N70,000 offer.
“We have accepted the offer because of the additional incentives and the promise of a review every three years,” Ajaero said. He was flanked by TUC President Festus Usifo and other representatives of Nigerian workers.
The acceptance of the minimum wage offer marks a significant development in the efforts of Nigerian workers to secure a living wage.
The labour leaders have expressed satisfaction with the outcome of the negotiations, which they believe will benefit workers across the country.