We need support to pay N70,000 minimum wage – Organised private sector

Jul 19, 2024

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The Organised Private Sector, OPS, has reacted to the new N70,000 minimum wage adopted by the Federal Government.

President Bola Tinubu on Thursday approved N70,000 minimum wage for Nigerian workers, with a promise to review the national minimum wage law every three years.

Reacting, the spokesperson of OPS, and Director General of the Nigeria Employers’ Consultative Association, NECA, Adewale-Smatt Oyerinde, warned that members cannot pay the N70,000 national minimum wage announced by the Federal Government without support.

He was quoted as saying: “While we commend the President for putting to rest the immediate issue of the National Minimum Wage, we also note, most importantly, his commitment to support the sub-nationals and the organised private sector to pay the new wage.”