However, the organised labour insisted on N250,000.

President Bola Tinubu on Thursday approved N70,000 as the new minimum wage for Nigerian workers. 

This was announced by a presidential aide, Bayo Onanuga via a short statement he issued on X. 

The statement reads: “Breaking: President Bola Tinubu has 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
meet the demands of university unions demanding unpaid 4 months
salaries.”

The Tripartite Committee on the new national minimum wage recently
submitted figures to the President as the organised private sector and
the government team had offered to pay N62,000.

However, the organised labour insisted on N250,000.

Following the disagreement, the President had delayed sending any figure to the National Assembly through an Executive Bill.

At Monday’s Federal Executive Council meeting, Tinubu had asked the
Minister of Budget and Economic Planning, Abubakar Bagudu, to draft a
bill to amend the 2024 budget to accommodate a new minimum wage.