Leaders of organized Labour have accepted President Bola Tinubu’s N70,000 minimum wage offer for Nigerian workers.
The government announced the new minimum wage Thursday afternoon after a meeting at the Presidential Villa in Abuja with leaders of the Trade Union Congress (TUC) and the Nigerian Labour Congress (NLC).
The president reportedly also offered to renegotiate the minimum wage every three years.
But addressing pressmen at the end of the meeting with the president, the President of NLC, Comrade Joe Ajaero, said the unions had accepted the offer.
Flanked by the TUC counterpart, Comrade Festus Usifo, and other representatives of Nigerian workers who attended the meeting, Ajaero said the unions agreed to the offer because of other incentives attached.
Why we agreed on N70,000 new minimum wage- FG, NLC, TUC pic.twitter.com/FwJZLUN9Ci
— News Agency of Nigeria (@NgNewsAgency) July 18, 2024
He said the incentives included reviewing the minimum wage every three years, but he did not clarify whether the union would take the president at his word or seek legislative backing for the presidential commitment.
Nigerian Minimum Wage Act 2019 mandates a review every five years, not three.
The unions said that the president offered to give 36 Compressed Natural Gas (CNG) buses to the country’s labor unions, which translates to one per state.
CNG buses have lower energy costs, but it is doubtful that one bus per state will meet the transportation needs of millions of workers nationwide.
The buses are said to have 100 person carrying capacity each.
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 and the Nigerian Labour Congress (NLC) have accepted President Bola Tinubu’s N70,000 minimum wage offer for Nigerian workers. The agreement includes a review every three years and the provision of 36 CNG buses to labor unions.){kind=link}