The presidency has officially confirmed that plans are underway to alter the current national minimum wage configuration because the current economic situation has made the baseline salary unsustainable.
Chief of Staff to the President, Femi Gbajabiamila, made this disclosure while speaking in Abuja on Thursday during an event organized by a group called Working People United.
According to the former Speaker of the House of Representatives, the present N70,000 threshold established under President Bola Tinubu’s administration in 2024 is no longer capable of meeting the practical economic demands faced by citizens across the nation.
Addressing the gathering, the president’s representative pointed out that the current fiscal environment necessitates a thorough re-evaluation of what constitutes a living baseline for Nigerian workers.
He noted that the “N70,000 wage, which was a milestone in 2024 must be honestly reassessed against today’s realities,” signaling a strong commitment from the executive arm to reopen discussions
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