News

FG to reassess ₦70,000 minimum wage amid rising living costs — Gbajabiamila

Femi Gbajabiamila for Lagos Governor

Femi Gbajabiamila, the Chief of Staff to the President, has stated that the Federal Government plans to review the ₦70,000 national minimum wage to better align it with the current economic conditions in the country.

During his address at the Good Governance Summit 2026 organized by Working People United (WoPU) in Abuja, Gbajabiamila emphasized the Tinubu administration’s awareness of the escalating cost of living and its dedication to ensuring that workers receive fair compensation.

🚀 Don't Miss Out!

Latest jobs • Scholarships • Grants • Internships • Career tips
(Naija + worldwide) — delivered daily on our WhatsApp Channel.

👉 Join WhatsApp Channel

He reminded attendees that President Bola Ahmed Tinubu had enacted the ₦70,000 minimum wage law in July 2024, more than doubling the previous ₦30,000 rate. He pointed out that the wage review cycle was also reduced from five years to three to help salaries keep pace with economic shifts.

While acknowledging that the ₦70,000 wage was a significant milestone at its introduction, he stated that it is now necessary to reevaluate it given the current economic landscape.

He assured workers that the government intends to conduct the review collaboratively with organized labor rather than in opposition to it.

🔔 OFFICIAL CHANGE OF NAME MADE EASY!

Avoid delays and rejection — let professionals handle your publication quickly and stress-free.

We help you publish your change of name in:

📰 Punch Newspaper
📰 Vanguard Newspaper
📰 Other Top National Newspapers

✨ Why Choose Us?

  • ✔️ Quick turnaround (3 days)
  • ✔️ Budget-friendly packages
  • ✔️ Reliable & trusted service

PAY ATTENTION: Follow The Lagos Voice on WhatsApp channel for latest updates

Gbajabiamila also encouraged labor unions to maintain constructive dialogues with the government, asserting that such collaboration would yield better results for workers and contribute to national economic growth.

In addition, the Minister of Labour and Employment, Muhammad Dingyadi, mentioned at the event that a government’s success should be gauged by how its policies enhance the lives of workers.

He highlighted that governance should focus on providing substantial benefits, including improved living standards, quality jobs, stronger social protections, increased productivity, and wider economic opportunities.

Leave a comment

Your email address will not be published. Required fields are marked *

You may also like

News

IGP lawyer’s absence stalls cybercrime trial of 109 foreigners

The trial of 109 foreigners over alleged involvement in high-level cybercrime and hacking activities suffered setback on Wednesday at the
News

Nigerian Speakers seek governors’ support on state police, fiscal federalism

The Chairman of Conference of Speakers of State Legislatures of Nigeria, Adebo Ogundoyin, has appealed to the Nigeria Governors’ Forum