Joe Ajaero, the President of the Nigeria Labour Congress, gave reason why the leaders of organised labour said they accepted N70,000 as the new minimum wage after President Bola Tinubu pledged to review it every three years.

Speaking with State House correspondents in Abuja on Thursday, Nkeiruka Onyejeocha, minister of state for labour, expressed confidence that the minimum wage issue would soon be resolved.

President Tinubu on Thursday approved the sum of N70,000 as national minimum wage, Bayo Onanuga, his Special Adviser on Information and Strategy stated.

Tinubu was said to have announced the new wage during a meeting with the leadership of the Organized Labour in Abuja.

The minister spoke shortly after President Bola Tinubu met with the leaders of the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC).

The new minimum wage, when approved by the National Assembly, will replace the N30,000 minimum wage, which expired on April 18, 2024.

Onanuga, who posted via his official X handle, @aonanuga, at exactly 03:31 pm, said, “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.”