President of the Nigeria Labour Congress (NLC), Joe Ajaero on Thursday gave reasons why the Organised Labour accepted the proposal of N70,000 minimum wage from the President, Bola Tinubu.
Ajaero, who spoke to State House reporters after the meeting with the President, said the unions agreed to the offer because of other incentives attached.
He said another reason for accepting the offer is because “ the President promised a review every three years as against what obtained in the past.”
President Bola Tinubu on Thursday approved the sum of N70,000 as national minimum wage, his Special Adviser on Information and Strategy, Bayo Onanuga said.
Tinubu was said to have announced the new wage during a meeting with the leadership of the Organized Labour in Abuja.
Today’s meeting came a week after the first meeting the President had with the Labour leaders last week.
The new minimum wage when approved by the National Assembly will replace the N30,000 minimum wage which expired on April 18, 2024.