President Bola Tinubu and the organized labour have agreed on N70,000 as the new national minimum wage.
The agreement was reached at a meeting he had at the Presidential Villa, Abuja with the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) led by their presidents, Joe Ajaero and Festus Usifoh, respectively.
Minister of Information and National Orientation, Mohammed Idris, disclosed the agreement while briefing correspondents at the end of the meeting.
He said the president shifted from the N62,000 to N70,000 with a commitment to embark on massive investment in infrastructure, and renewable energy as well as to make CNG buses available.
The review of the national minimum wage will also now come after every three years.
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