FG to Review ₦70,000 Minimum Wage as Economic Realities Shift – Gbajabiamila
The Federal Government has signalled plans to review the national minimum wage, stating that the current N70,000 benchmark no longer reflects prevailing economic realities.
Vanguard reports that the move comes less than two years after President Bola Tinubu signed the new minimum wage into law, raising it from N30,000 and shortening the review cycle from five years to three years.
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.
He said the administration recognises that the cost of living continues to rise and that workers deserve wages that keep pace with economic conditions.
“This administration has delivered a new national minimum wage. In July 2024 President Bola Tinubu signed into law a minimum wage of N70,000 naira, with more than double the N30,000 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.
