By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: FG, Labour Reach Agreement on ₦70,000 Minimum Wage
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
Top stories

FG, Labour Reach Agreement on ₦70,000 Minimum Wage

Adamu Abubakar
By Adamu Abubakar
Published: July 18, 2024
Share
1 Min Read
SHARE

The Federal Government and Organised Labour have agreed on a new minimum wage of ₦70,000, according to Information Minister Mohammed Idris. The agreement was reached at a meeting between President Bola Tinubu and Labour leaders on Thursday.

The minister announced that the new minimum wage would be submitted to the National Assembly for passage. Labour leaders, including NLC President Joe Ajaero and TUC boss Festus Osifo, confirmed the agreement. Ajaero noted that the minimum wage would now be reviewed every three years, instead of the previous five-year cycle.

The agreement follows a series of talks between labour leaders and the President, after months of failed negotiations with a tripartite committee on minimum wage. The committee had proposed ₦62,000, while labour initially demanded ₦250,000.

The new minimum wage is a significant increase from the current ₦30,000, which labour leaders argued was unsustainable due to inflation and the high cost of living. The President had called for realistic expectations, and the agreed amount is seen as a compromise.

- Advertisement -

Okay.ng  understands that the development is a major breakthrough in the ongoing negotiations, and is expected to impact the lives of millions of Nigerian workers.

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:Nigeria Labour Congress (NLC)
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
Previous Article Kano Kano Mosque Arson: Court Sets August 1 for Judgement on Suspected Mastermind
Next Article UNILORIN UNILORIN Students Involved in Road Accident, Several Injured

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Rate

Okay.ng Logo
Buy Rate ₦1,560.00
Sell Rate ₦1,570.00

Updated: 1 day ago

Displayed rates are for informational purposes only and are subject to change.

Quick Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Nigerian Troops Neutralize Terror Kingpin Mai Dada, Recover Arms in Multi-Region Operations
Security
NNPP Welcomes Possibility of Rabiu Kwankwaso Joining APC Amidst Ganduje’s Resignation
News
Tinubu’s State Visit to Saint Lucia Marks Historic Diplomatic and Cultural Engagement, Presidency Clarifies
International News
President Bola Tinubu Suspends Implementation of Financial Reporting Council Amendment Act 2023
News
Aminu Dantata to be Buried in Madinah After Saudi Approval
News
- Advertisement -
Ad imageAd image

You May Also Like

CrimeVideo

VIDEO: NDLEA Issues Strong Advisory to Travellers Against Carrying Unknown Bags

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 29, 2025
News

SERAP Demands Transparency from Nigeria’s Governors on Security Vote Spending

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 29, 2025
NewsSecurity

Security Situation Improving, CDS Urges Continued Support from Nigerians

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 29, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?