Femi Gbajabiamila, chief of staff to President Bola Tinubu has signaled readiness of the administration to reopen negotiations on the N70,000 national minimum wage, acknowledging that economic realities have outpaced the wage structure signed into law in 2024.
Gbajabiamila said on Thursday that the administration would approach the next wage review as a partner of organised labour, stressing that the N70,000 minimum wage approved in 2024 must be reassessed in light of current economic realities.
Speaking at the Working People United (WOPU) Good Governance Summit in Abuja, Gbajabiamila said the wage increase, which was considered a landmark achievement at the time, now requires a fresh evaluation amid rising living costs and changing economic conditions.
“The N70,000 wage, which was a milestone in 2024, must be honestly reassessed against today’s realities. President Tinubu has said time and again that the custodians of the nation’s machinery deserve a fair and commensurate wage.
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