Presidency says current wage no longer adequate as NLC insists workers face severe hardship under inflation

The Federal Government has announced plans to review Nigeria’s national minimum wage, acknowledging that the current ₦70,000 benchmark is no longer sufficient in light of rising inflation and cost of living pressures. The disclosure came on Thursday at the Good Governance Summit 2026 in Abuja, where Chief of Staff to the President, Femi Gbajabiamila, addressed labour leaders and policy stakeholders.

Gbajabiamila explained that the Tinubu administration introduced the ₦70,000 minimum wage in 2024 after raising it from ₦30,000 and shortening the review cycle from five years to three. However, he admitted that economic realities have since shifted dramatically. “The ₦70,000 wage, which was a milestone in 2024, must be honestly reassessed against today’s realities,” Gbajabiamila said at the summit.

This development follows sustained agitation by organised labour unions, particularly the Nigeria Labour Congress (NLC), which argue that surging food prices and utility costs have eroded workers’ purchasing power. Acting General Secretary of the NLC, Benson Upah, said: “The truth is that ₦70,000 is not sustainable under the present economic situation. Workers are under immense pressure.” The NLC has indicated it will formally engage government on new wage negotiations ahead of the statutory 2026 review deadline.

While government has not announced any new minimum wage figure or salary increment yet, Gbajabiamila assured that organised labour would be treated as a partner rather than an adversary when formal negotiations commence. He also urged union leaders to pursue dialogue instead of confrontation in pushing their demands. Any new minimum wage must be negotiated among government, employers and labour before being transmitted to the National Assembly for approval and presidential assent.

Some state governments have already moved beyond the national benchmark: Lagos and Rivers States currently pay ₦85,000 monthly (with Lagos previously announcing plans for ₦100,000), while Imo recently adopted ₦104,000. Other states like Bayelsa, Enugu and Akwa Ibom now offer ₦80,000 minimum wage to their workers. Nonetheless, many states still struggle to pay even the existing federal minimum.

With inflation rates above 33 percent according to recent National Bureau of Statistics data and continued naira depreciation against major currencies, many Nigerian families report spending over 90 percent of monthly income on basic food needs alone. The outcome of this next minimum wage negotiation is expected to shape living standards for millions of workers across all sectors nationwide.

Source: https://www.pulse.ng/story/fg-signals-review-of-naira70000-minimum-wage-amid-rising-cost-of-living-2026062613061628191