The Federal Government, organised labour have reached an agreement to fix N70,000 as the new national minimum wage for Nigerian workers.

This was announced by Alhaji Mohammed Idris, Minister of Information and National Orientation at the end of the meeting with labour at the State House on Thursday.

New Minimum Wage: It’s the value, not the amount, Stupid

Briefing newsmen on Thursday after a meeting between President Bola Tinubu and leaders of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) at the State House, Abuja, Minister of Information and National Orientation, Mohammed Idris announced that both Government and the Labour centre have now agreed for N70,000 as salary for the least paid worker in the country.

Before Thursday’s meeting, Federal Government had offered N62,000 as minimum wage while Labour insisted on N250,000 as salary for least paid Nigerian  worker.

The Minister also explained that subsequent review of the minimum wage will be every three years and not the current five years.

Idris added that a lot of incentives which are being worked on will follow the new minimum wage.

Details later…