The Federal Government has indicated that it will review the national minimum wage when due, acknowledging that the current ₦70,000 benchmark no longer reflects prevailing economic realities.

Chief of Staff to President Bola Ahmed Tinubu, Femi Gbajabiamila, disclosed this at the Good Governance Summit 2026, organised by Working People United in Abuja under the theme, “Policies and Governance: Impact on the Working People.”

Gbajabiamila said the Tinubu administration recognises that economic conditions have changed considerably since the ₦70,000 minimum wage was introduced in 2024 and pledged that organised labour would be treated as a partner during the next wage review.

“The ₦70,000 wage, which was a milestone in 2024, must be honestly reassessed against today’s realities. This administration will approach that endeavor not as an adversary of labour, but as a partner,” he said.

He recalled that President Tinubu signed the new minimum wage into law in July 2024, increasing it from the previous ₦30,000 while also reducing the statutory wage review period from five years to three years to ensure salaries better reflect changing economic conditions.

“The present administration had delivered a new national minimum wage. In July 2024, President Bola Tinubu signed into law a minimum wage of ₦70,000, more than double the ₦30,000 that workers had endured for years. Recognising that the cost of living does not stand still, the President reduced the statutory review cycle from five years to three years so that wages may keep closer pace with economic reality,” Gbajabiamila said.

He acknowledged that the administration’s first three years had been difficult but maintained that improving workers’ welfare remains a priority.

Also speaking, Minister of Labour and Employment Mohammad Dingyadi said the true measure of good governance lies in the tangible impact of government policies on the lives of workers.

“Governance is not merely about policies written in documents or programmes announced from government offices. The true measure of governance is the extent to which policies translate into improved livelihoods, decent work, increased productivity, social protection, economic opportunities, and dignity for the working people,” Dingyadi stated.

Earlier, National Coordinator of Working People United, Williams Akporeha, described workers as the backbone of national development, stressing that sustainable economic growth is impossible without a productive workforce.

“There’s no economy without the working people, there’s no productivity without the working people, and there’s no national development,” he said, adding that the summit represented a significant gathering of key stakeholders committed to advancing the interests of Nigeria’s workforce.