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Nigerian News, Politics, Business, Economy, Investment, Entertainment and Sports. > Blog > Governance > NLC accepts N70,000 as new national minimum wage
GovernanceNews

NLC accepts N70,000 as new national minimum wage

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Last updated: July 20, 2024 7:10 pm
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2 years ago
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By Doris Isreal Ijeoma

The Nigeria Labour Congress (NLC) has accepted the offer of N70,000 as the new National Minimum Wage, as proposed by President Bola Ahmed Tinubu during a meeting at the Presidential Villa on July 18, 2024. 

This was disclosed in a statement via NLC’s X handle on Friday, July 19.

This decision was made during an emergency treatment National Executive Council (NEC) meeting held on July 19, 2024.

The statement reads:”The National Executive Council (NEC) of the Nigeria Labour Congress (NLC) convened today in an emergency meeting in response to the outcomes of the Meeting with the federal government which held yesterday, the 18th of July, 2024 at the Presidential Villa with the new National Minimum Wage in focus.

“The President of the Federation, His Excellency Senator Bola Ahmed Tinubu, presided over the meeting.

“The NEC-in-session after extensive deliberations, unanimously:
1. Commended and applauded the doggedness of the leadership of the Congress on the courage and forthrightness with which they handled the National Minimum Wage fixing exercise
2. Accepted the President’s offer of N70,000 (Seventy thousand Naira) as the new National Minimum Wage and the 3-yearly tenure for its review.
3. Demanded full and strict compliance by all to the dictates of the National
Minimum Wage 2024 when it becomes an Act.”

“NEC-in-session concluded that this decision, though challenging and far from our initial demand, was made in the spirit of solidarity and sacrifice for Nigerian masses to avert a threatened further hike in the price of Petrol which would inflict more hardship on the already suffering masses.

“Once again, NEC-in-session restates the commitment of the NLC to continue to stand resolutely in its mission to defend and advance the rights of Nigerian workers and Nigerian people at all times. It therefore calls on all Nigerians to unite in this cause and to hold our leaders accountable to the same standards of sacrifice and service.”

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