President Bola Ahmed Tinubu has said the Federal Government will find ways to assist states and private sector organizations to pay the newly approved N70,000 national minimum wage.
Bayo Onanuga, the Special Adviser to President Bola Tinubu on Information and Strategy, disclosed this in a statement on Thursday.
NewsNow reports that Tinubu announced a N70,000 minimum wage after a meeting with leaders of the Nigeria Labour Congress and Trade Union Congress at the Presidential Villa on Thursday.
Tinubu also pledged to review the country’s minimum wage every three years up from five years.
According to the statement, the President said he would use his discretionary power to resolve the non-payment of four months’ salaries of the Senior Staff Association of Nigerian Universities, SSANU and the Non-Academic Staff Union of Universities, NASU.
“President Bola Tinubu has approved N70,000 minimum wage for Nigerian workers with a 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.
“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 statement said.
Recall that there has been an impasse between the Federal Government and workers over a new minimum wage.
The Federal Government had earlier insisted on a N62,000 minimum wage while organized labor proposed N250,000.