₦70,000 Minimum Wage No Longer Enough, FG Signals Fresh Review

₦70,000 Minimum Wage No Longer Enough, FG Signals Fresh Review
Gbajabiamila promises partnership with labour during wage review.
Tinubu administration committed to fair wages for Nigerian workers.

Chief of Staff to the President, Femi Gbajabiamila, has disclosed that the Federal Government is considering a review of workers’ salaries, noting that the current ₦70,000 national minimum wage no longer reflects prevailing economic realities.

Gbajabiamila made the disclosure on Thursday while speaking at an event organised by Working People United in Abuja.

EDITOR’S PICKS

EKO HOT BLOG reports that according to him, although the ₦70,000 minimum wage approved by President Bola Tinubu’s administration in 2024 represented a significant achievement at the time, changing economic conditions have made it necessary to reassess the wage structure.

“₦70,000 wage, which was a milestone in 2024, must be honestly reassessed against today’s realities,” he said.

The former Speaker of the House of Representatives assured workers that the Federal Government would engage with organised labour constructively when the process of reviewing the national minimum wage begins.

“I can confirm to you that when the time comes to begin the process of reviewing the national minimum wage, this administration will approach that endeavour not as an adversary of Labour, but as a partner,” Gbajabiamila stated.

He added that President Tinubu remains committed to ensuring Nigerian workers receive fair compensation for their contributions to national development.

“President Tinubu has said time and again that the custodians of the nation’s machinery deserve a fair and commensurate wage, and as you all well know by now, this is the president who means precisely what he says and does exactly what he means,” he said.

Gbajabiamila stressed the importance of collaboration between government and workers, describing good governance as a shared responsibility rather than a one sided exercise.

“It must be said that good governance is not a performance stage by government for the benefit of a passive audience, it’s a partnership between those who govern and those who are governed.

“Nowhere is that partnership more vital than the relationship between government and the working people of Nigeria,” he added.

He also urged labour leaders and workers to continue engaging the government through dialogue and cooperation.

₦70,000 Minimum Wage No Longer Enough, FG Signals Fresh Review

“It is with this understanding in mind that I ask the leaders of organised labour and the members of Working People United to remain what you have so often been at your finest, partners in progress rather than antagonists in perpetuity.

“Let us choose dialogue over disruption because, as we have proved again and again, we achieve far more when we work together than when we retreat to our separate corners,” Gbajabiamila said.