“President Bola Tinubu has approved a 70,000 naira minimum wage for Nigerian workers with a promise to review the national minimum wage law every three years,” Senior Presidential Aide Bayo Onanuga announced on X.

The compromise was reached during negotiations between the government and the country’s largest labor unions, the Nigerian Labour Congress (NLC) and the Trade Union Congress, on Thursday in Abuja, “the second time the parties met in seven days,” Onanuga added.

“We are taking this new 70,000 naira minimum wage with mixed feelings because of the situation of the economy. We have to move ahead despite the situation; otherwise, the negotiation can linger,” NLC President Joe Ajaero told reporters.

He further said that the next minimum wage would be considered in three years, rather than the typical five.