The Federal Government has revealed that they are looking to review the current N70,000 national minimum wage, as it no longer reflects prevailing economic realities.
President Bola Tinubu’s Chief of Staff, Femi Gbajabiamila, disclosed this on Thursday at the Good Governance Summit 2026 organised by Working People United (WoPU) in Abuja.
This comes less than two years after Tinubu signed the new minimum wage into law, raising it from N30,000 and shortening the review cycle from five years to three years.
Gbajabiamila 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.
“The N70,000 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 endeavour not as an adversary of labour, but as a partner,” she said.
