Minister of State for Labour and Employment, Barrister Nkeiruka Onyejiocha, has stated that the recent agreement between the Federal Government and labour unions was a significant milestone in the ongoing efforts to improve the welfare of Nigerian workers.
Onyejiocha spoke in a statement on Tuesday, noting that the three-year review cycle will ensure that the minimum wage will remain dynamic, adjusting to the country’s economic realities.
She expressed her gratitude to President Bola Tinubu for his timely intervention in resolving the minimum wage impasse.
The minister also commended the leadership of the organized labour and all stakeholders for their collaborative spirit and understanding.
“I acknowledge the Nigerian workers, whose interests remain our priority, for their patience,” she added.
Leaders of the organised labour, including the Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC), had on July 18, 2024 confirmed their acceptance of the N70,000 minimum wage offered by the Bola Tinubu-led Federal Government.
Speaking after a crucial meeting at the Presidential Villa in Abuja, President of the NLC, Comrade Joe Ajaero, announced the unions’ decision to accept the offer
Ajaero noted that a significant factor in their decision was the President’s promise to review the minimum wage every three years, a departure from previous practices.
Also, recall that the labour leaders had initially demanded a minimum wage of no less than N250,000. However, the agreed amount, coupled with the promise of periodic reviews, persuaded the unions to accept the N70,000 offer.
