Tinubu announces new minimum wage

President Bola Ahmed Tinubu has agreed to pay N70, 000 as the new minimum wage.

The Minister of Information and National Orientation, Mohammed Idris disclosed this at the end of the meeting between the organized labour and the government.

A statement by the Presidency on the new minimum wage approval said the  payment will be reviewed every three years.

Presidential aide Bayo Onanuga wrote:

“President Tinubu also promised to find ways to assist the private sector and the sub-nationals to pay the minimum wage.

“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”.

President Bola Tinubu has also directed the Ministers of Finance, Wale Edun and Education, Prof Tahir Mamman to work out the modalities for the payment of four months withheld salaries to the university non-teaching staff.