This announcement comes as a major development in the ongoing discussions about the minimum wage in Nigeria. President Tinubu’s endorsement of a minimum wage of N70,000 shows a commitment to improving the livelihoods of Nigerian workers and ensuring that they are fairly compensated for their labor.
The reassessment of the national minimum wage legislation every three years is also a positive step towards ensuring that the minimum wage keeps pace with inflation and economic changes.
President Tinubu’s commitment to supporting both the private sector and sub-national entities in meeting the minimum wage requirement is crucial in ensuring that the minimum wage is implemented effectively across the country.
Overall, this announcement is a significant milestone in the fight for fair wages for Nigerian workers and a step towards improving the standard of living for all citizens.
