FG Considers Minimum Wage Review Amid Rising Living Costs

The Federal Government of Nigeria is hinting at a potential review of the national minimum wage, which is currently ₦70,000, amid increasing living costs. Chief of Staff Femi Gbajabiamila disclosed this during the Good Governance Summit 2026 in Abuja, emphasizing that the existing wage may no longer adequately reflect current economic realities.

The minimum wage was last increased from ₦30,000 to ₦70,000 in July 2024, but the government acknowledges that the rising inflation necessitates a reassessment. Gbajabiamila stated that the administration aims to approach this review collaboratively with labor unions, stressing the importance of constructive dialogue to achieve sustainable outcomes.

Minister of Labour and Employment Muhammad Dingyadi also highlighted that government policies should translate into improved livelihoods for ordinary citizens. William Akporeha noted that workers are essential to Nigeria's economic development and that growth cannot be achieved without their contributions.