Gbajabiamila: N70,000 Minimum Wage Fails to Keep Up with Current Realities

Oghenevwede Ohwovoriole in Abuja

Chief of Staff to the President, Femi Gbajabiamila, announced that the federal government is prepared to initiate an upward review of the N70,000 National Minimum Wage, noting that the figure no longer aligns with present economic conditions.

He made this statement on Thursday in Abuja during the Good Governance Summit 2026, organized by Working People United (WoPU), whose theme was “Policies and Governance: Impact on the Working People.”

He stated: “This administration has delivered a new national minimum wage. In July 2024 President Bola Tinubu signed into law a minimum wage of 70,000 naira, with more than double the 30,000 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.”

“The 70,000naira wage, which was a milestone in 2024 must be honestly reassessed against today’s realities, and I can confirm to you that when the time comes to begin the process of reviewing the national minimum wage, this administration will approach that endeavor not as an adversary of labour, but as a partner.”

“President Tinubu has said time and again that the custodians of the nation’s machinery deserve a fair and commensurate wage, and as you all well know by now, this is the president who means precisely what he says and does exactly what he means.”

“It must be said