President Bola Tinubu has endorsed a minimum wage of N70,000 for Nigerian employees, with a commitment to reassess the national minimum wage legislation every three years.
President Tinubu has assured that he will explore avenues to support both the private sector and sub-national entities in meeting the minimum wage requirement.
President Tinubu made the announcements during a meeting in Abuja on Thursday, where he met with leaders of TUC and NLC for the second time in a week.
The Labour unions are yet to react to the announcement by President Tinubu.
NLC and TUC have insisted on N200,000 minimum after recent negotiations between them and the government.