N70,000 Minimum Wage No longer Sustainable, Says Femi Gbajabiamila

The chief of staff to President Bola Tinubu, Femi Gbajabiamila, has hinted that the federal government will review the minimum wage of government workers to match up with the current economic situation in Nigeria.

Gbajabiamila spoke during a submit in Abuja where he said the government has identified that the current N70,000 minimum wage was no longer sustainable amid the present realities faced by Nigerians.

He said the N70,000 wage, which was a milestone in 2024, must be honestly reassessed against today’s realities, hence, “this administration will approach that endeavor not as an adversary of labour, but as a partner”.

Gbajabiamila said the present administration “had delivered a new national minimum wage. In July 2024 President Bola Tinubu signed into law a minimum wage of N70,000, with more than double the 30,000 naira that workers had endured for years and recognising that the cost of living does not stand still, the President reduced the strategic review cycle from five years to three years, so that wages may keep closer pace with economic reality.”