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Home Finance | Insurance | Pension

TINUBU APPROVES MINIMUM WAGE

EconomyFoot Print by EconomyFoot Print
July 18, 2024
in Finance | Insurance | Pension, News, Top News
Reading Time: 1 min read
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The Raging Minimum Wage Conversation and Potential Economic Impacts
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President Tinubu has approved a N70,000 minimum wage for Nigerian workers with a promise to review the national minimum wage law every three years.
The leadership of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) are at the Presidential Villa, Abuja in a meeting with President Bola Tinubu.
A statement by Bayo Onanuga, the Special Adviser to President Bola Tinubu on Information and Strategy, said: “President Tinubu also promised to find ways to assist the private sector and the sub-nationals to pay the minimum wage.
“President Tinubu announced the decisions at the meeting held with leaders of TUC and NLC on Thursday in Abuja, the second time the parties met in 7 days.
“The Labour leaders applauded President Tinubu for the fatherly gesture as the President also promised to use his discretionary powers to meet the demands of university unions demanding unpaid 4 months salaries.”

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