HomeOthersClassifiedFG To Reassess N70,000 Minimum Wage As Living Costs Rise

FG To Reassess N70,000 Minimum Wage As Living Costs Rise

The federal government has signalled plans for a fresh review of the current N70,000 national minimum wage, saying the amount may no longer match the country’s evolving economic realities.

Chief of Staff to the President Femi Gbajabiamila made the announcement on Thursday at the Good Governance Summit 2026 organised by Working People United in Abuja.

He emphasised that the Tinubu administration is committed to ensuring workers’ wages keep pace with changing conditions, particularly the rising cost of living.

Gbajabiamila recalled that President Bola Tinubu signed the N70,000 minimum wage into law in July 2024, more than doubling the previous N30,000 rate, and shortened the review cycle from five to three years.

“The N70,000 wage, which was a milestone in 2024, must be honestly reassessed against today’s realities, and I can confirm to you that when the time comes to begin the process of reviewing the national minimum wage, this administration will approach that endeavour not as an adversary of labour, but as a partner,” he stated.

He urged organised labour to maintain dialogue with the government, saying cooperation would yield better results than confrontation.37df4e

Minister of Labour and Employment Muhammad Dingyadi told the summit that the success of governance should be judged by its impact on citizens’ lives, including decent jobs, productivity and social protection.

“Governance is not merely about policies written in documents or programmes announced from government offices; the true measure of governance is the extent to which policies translate into improved livelihoods, decent work, increased productivity, social protection, economic opportunities, and dignity for the working people,” Dingyadi said.

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