The Federal Government and Organised Labour have finally reached a consensus on a new minimum wage of N70,000 per month, following months of back and forth.

This was revealed to State House journalists on Thursday by Mohammed Idris, Minister of Information and National Orientation, following a meeting between President Bola Tinubu and leaders of the Organised Labour at the Presidential Villa in Abuja.

Further corroborating the Minister of Information, Bayo Onanuga, Special Advisor to the President on Information and Strategy, stated that President Tinubu has approved the minimum wage of N70,000 for Nigerian workers, subject to a three-year review of the national minimum wage law.

According to Onanuga, Tinubu will also find ways to assist subnationals and the private sector pay the new minimum wage, including addressing the requests of university unions seeking unpaid wages for four months.

After the President/Labour meeting on Thursday afternoon at the Aso Rock Villa, the presidential media aide took to his X handle (formerly Twitter, where he wrote that President Tinubu had announced the decisions made during the meeting with TUC and NLC leaders on Thursday in Abuja, which was the second time the parties had met in seven days.

The leaders of the Labour Party praised 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.