Tinubu to Review N70,000 Minimum Wage by July 2024

Femi Gbajabiamila, the Chief of Staff to President Bola Ahmed Tinubu, stated that the administration will review the national minimum wage of N70,000 to reflect current economic realities. This announcement was made during the Good Governance Summit 2026 organized by the Work People's Unit (WPU) in Abuja.

Gbajabiamila acknowledged the rising cost of living and emphasized the government's commitment to ensuring that workers earn wages that align with prevailing economic conditions. The new minimum wage, which was signed into law by President Tinubu in July 2024, doubles the previous wage of N30,000.

The administration plans to reassess the minimum wage every three to five years to keep it in line with economic realities. Gbajabiamila urged labor organizations to maintain constructive engagement with the government to achieve better results for workers and support economic growth.

Minister of Labor and Employment, Muhammad Dingyadi, also spoke on the government's measures to improve workers' livelihoods and enhance social protection.