BREAKING: FG SET TO REVIEW N70,000 MINIMUM WAGE AS COST OF LIVING PRESSURE MOUNTS

FG SET TO REVIEW N70,000 MINIMUM WAGE AS COST OF LIVING PRESSURE MOUNTS


The Federal Government has indicated plans to review Nigeria’s current N70,000 national minimum wage, citing rising economic pressures and the increasing cost of living affecting workers across the country.

The development was disclosed on Thursday by the Chief of Staff to the President, Femi Gbajabiamila, during the Good Governance Summit 2026 organised by Working People United (WoPU) in Abuja.

According to Gbajabiamila, the administration acknowledges that the current wage benchmark introduced in 2024 may no longer adequately reflect prevailing economic realities, making a fresh review necessary as part of efforts to protect workers’ welfare.

The N70,000 minimum wage was signed into law by President Bola Ahmed Tinubu in July 2024, replacing the former N30,000 wage structure. At the time, the government also reduced the wage review cycle from five years to three years in a move aimed at allowing salaries to better respond to changing economic conditions.

Speaking at the summit, Gbajabiamila said the government remains committed to ensuring that workers’ earnings align more closely with inflation and broader economic challenges facing citizens.

He explained that while the wage increase introduced in 2024 represented a major milestone, current realities suggest that another reassessment may soon become necessary.

He stated that the federal government would approach any future wage review process as a collaborative engagement with organised labour rather than as a confrontation.

The Chief of Staff also urged labour unions to continue maintaining dialogue with government institutions, stressing that cooperation between both parties would produce better outcomes for workers and the nation’s economy.

Also speaking at the summit, Minister of Labour and Employment, Muhammad Dingyadi, said the effectiveness of governance should be measured by how government policies directly improve citizens’ living standards.

According to the minister, policies should not remain as official documents or announcements but must translate into tangible improvements such as better employment opportunities, stronger social protection systems, increased productivity, and improved welfare for Nigerian workers.

Dingyadi noted that good governance is reflected in policies that create dignity for workers and generate real economic opportunities for citizens.

Meanwhile, National Coordinator of Working People United, Williams Akporeha, described Nigerian workers as the backbone of national development and economic productivity.

He emphasized that sustainable economic growth cannot be achieved without prioritising the welfare and contribution of workers across various sectors.

Akporeha added that the summit brought together workers from different industries under a shared objective of promoting national growth while advocating improved welfare conditions for Nigerians.

The latest indication from the federal government comes amid growing concerns from workers and labour unions over inflation, rising food prices, transport costs, and increasing calls for further wage adjustments nationwide.

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