The Federal Government is set to review the ₦70,000 national minimum wage following concerns over the rising cost of living and changing economic conditions.
The Chief of Staff to the President, Femi Gbajabiamila disclosed this on Thursday at the Good Governance Summit 2026 organised by Working People United (WoPU) in Abuja, stating that the administration of President Bola Tinubu understands the challenges facing workers and remains committed to ensuring fair remuneration.
He explained that the ₦70,000 minimum wage, which was signed into law by the President in July 2024, marked a significant increase from the previous ₦30,000 wage benchmark.
The Chief of Staff also noted that the government reduced the wage review period from five years to three years to allow adjustments to reflect economic realities more quickly.
According to him, while the current minimum wage was a major step forward when introduced, the changing economic environment has made a review necessary.
He assured workers that the process would be carried out through collaboration with organised labour, adding that the government would continue to engage with unions to reach decisions that benefit employees.
Gbajabiamila further called on labour unions to maintain constructive dialogue with the government, saying cooperation would help achieve better outcomes for workers while strengthening the economy.
Meanwhile, the Minister of Labour and Employment, Muhammad Dingyadi, said the effectiveness of any administration should be measured by how its policies improve the lives of citizens, particularly workers.
Dingyadi stressed that good governance must translate into better living conditions, decent employment opportunities, stronger social protection, improved productivity, and increased economic participation.