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Minimum Wage: N250,000 Demand Not Cast In Stone – TUC President
Organised labour appears to have backed down on its demand for N250,000 as minimum wage.
Trade Union Congress (TUC) President Festus Osifo said yesterday that there was nothing sacrosanct about the N250,000, adding that labour was receptive to adjustments.
There was no immediate response from the federal government last night on the latest stance of organised labour, although the Senate yesterday pledged to grant accelerated consideration and passage of the new minimum wage bill from President Bola Tinubu.
Only last Wednesday, the acting President, Nigeria Labour Congress (NLC), Prince Adewale Adeyanju, said labour’s demand “remains N250,000, and we have not been given any compelling reasons to change this position, which we consider a great concession by Nigerian workers during the tripartite negotiation process.”
Adeyanju was responding to the Democracy Day broadcast of President Bola Tinubu in which he said an agreement had been reached on the new national minimum wage.
Osifo himself in his first reaction to the FG and OPS agreement on N62,000 as minimum wage penultimate Friday had said “for us (labour), we felt that with the current economic hardship and the difficulty in the land, the sum of N250,000 should be what will be okay as the minimum wage.
But speaking yesterday on Channels Television’s breakfast programme, The Morning Brief, he said there was “no figure that is sacrosanct; there is no figure that is cast in stone that both parties will be fixated on it.”
He added: “What we said is that for us, when we give figures, there is always a room to meander; there is always a room for us to do some adjustment here and there.
“One of the reasons that we went on industrial action the last time was because when it got to N60,000, they told us that a kobo could not even join the N60,000; that they could not even add one naira to it.
“So that was one of the reasons that led to that industrial action beyond the fact that there were also delays.”
President Tinubu is expected to send an executive bill to the National Assembly on the new minimum wage for legislative action.
The TUC President said that they are not going to pre-empt the President, but they are making all efforts to justify why Tinubu should tilt towards the figure presented by the labour instead of the one by the organised private sector and the government.
He said that if the President sends a figure that is not favourable to the labour to the National Assembly, they will still approach the lawmakers and push them to do much more.
Osifo vowed that the work of the labour leaders will not end until the Minimum Wage Act 2024 becomes law. He said it is premature to predict what labour will do if what is passed is not acceptable to them at the end of the day.
The FG and the Organised Private Sector (OPS) had on Friday, May 31 reached an agreement to pay N62,000 to their least paid worker; an increase of N2,000 on the N60,000 rejected two weeks ago by labour.
The 36 states, which were represented on the Tripartite Committee on the minimum wage, said on the same day that they could not afford to pay even N60,000 while the NLC and the TUC disagreed with government and the OPS.
They said the minimum they would accept was N250,000, which is N244,000 less than the N494,000 they initially demanded.
The Tripartite Committee has already submitted its report and recommendation to the President, who is expected to take a decision on the final figure to be sent by way of an Executive Bill to the National Assembly for consideration.
The TUC President said while labour was not disposed to pre-empting the President on his decision, the unions were keen on ensuring that Tinubu tilts toward the figure presented by labour instead of the N62,000 by government and OPS.
He said should the President decide on a figure labour finds unfavourable, it will take its struggle to the lawmakers to convince them for an increase.
He said it was premature to predict labour’s reaction if the action of the executive and the legislature turns out to be unfavourable.
Tinubu, at a state dinner to mark Democracy Day on Wednesday had declared that his planned minimum wage is “what Nigerians can afford, what you can afford and what I can afford.”
He added: “Cut your coat according to your size, if you have size at all.”
Apart from the state governments which have expressed their inability to pay even the N60,000 which labour had rejected prior to the June 3 and 4 strike, signals from the local governments also suggest that they cannot pay N62,000.
National President of the Association of Local Government of Nigeria (ALGON), Aminu Muazu-Maifata, said on Thursday that the LGs could not pay that amount.
Muazu-Maifata said some local governments have not even been paying their workers the ₦30,000 approved as minimum wage in 2019.
He said an affordable minimum wage should be set and not something unsustainable.
Senate will give Tinubu’s proposed Bill expeditious passage, says spokesman
Speaking yesterday ahead of the expected arrival of the executive bill on the new minimum wage, the Chairman, Senate Committee on Media and Public Affairs, Yemi Adaramodu, promised that it would be given accelerated consideration and passage.
But he said it would be subjected to accepted legislative processes.
Adaramodu said the Senate would pass the Bill without compromising on standard legislative procedures in lawmaking.
Asked if the Senate would pass the minimum wage bill like it passed the New National Anthem Bill within a few days, Adaramodu said: “Yes, if immediately after Sallah the Bill is brought by Mr. President to the National Assembly, it’s going to be dealt with at the speed of lightning.
“We are going to pass it because it is for the benefit of Nigerian workers. Even if it is possible within 30 minutes, we will do that.
“But it depends on the content of the Bill because the bill will go through the crucibles of the passage of a bill.
“We are not going to sit down and just say that the Bill has been passed. We will go through the crucibles. So within the time, if there is no opposition from outside, if there is no opposition from within, there can never be opposition from within because it’s going to be a kind of agreement between Labour, government and organised private sector.
“So once that one is there and then it comes to us, we will go through the processes without delay and make sure that Nigerian workers get their deal.”
On whether the Senate would take into consideration the position of the State Governments that they cannot afford to pay the N62,000 proposed by the Federal Government, Adaramodu said: “Since they are all meeting, we know that at the end of the day, all of them will agree on the figure, because when it’s an executive bill, an executive bill means state executive, federal executive and even local government executive.
“So definitely there is going to be an agreement. So once there’s an agreement, the bill will come and I don’t think any of the components of the negotiating bodies will oppose the agreed figure at the end of the day.
“So we don’t have any fear about that. You know when you are negotiating, you negotiate from various parameters and parallels. So at the end of the day, all the lines will converge and meet at a concentric point.
So that’s where we now come in. We come in at the end of the tunnel and then we’ll pick it from there and make it into law so that we can have a better deal for Nigerian workers.”
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Oyo 2027: Adelabu Quits As Power Minister To Focus On Guber Race
The Minister of Power, Adebayo Adelabu has formally resigned from his position in the Federal Government to pursue his governorship ambition in Oyo State.
In a resignation letter dated April 22, 2026, and addressed to the President, Adelabu stated that his resignation will take effect on April 30, 2026, to enable him to focus on his governorship ambition in Oyo State.
The letter, routed through the Office of the Secretary to the Government of the Federation, stated that he was stepping down with “a deep sense of honour and profound gratitude.”
He wrote, “I write with a deep sense of honour and profound gratitude to formally tender my resignation as the Honourable Minister of Power of the Federal Republic of Nigeria. This resignation is to take effect on 30th April 2026, in order to allow sufficient time for a smooth and orderly handover of responsibilities.”
Adelabu thanked the President for the opportunity to serve, describing his appointment as a privilege.
He said, “Your Excellency, I remain sincerely grateful for the privilege and confidence you reposed in me by appointing me to serve our great nation in this capacity.
“It has been a rare honour to contribute to national development under your leadership and to play a role in advancing reforms in the power sector—one of the most critical foundations of Nigeria’s industrial growth and economic transformation.”
The former minister said his resignation was to enable him focus fully on his governorship ambition in Oyo State, citing provisions of the amended electoral law.
He added, “My decision to step down is informed by my intention to focus fully on my gubernatorial ambition in Oyo State. This aspiration, which dates back to 2016 during my service as Deputy Governor of the Central Bank of Nigeria, ultimately led to my voluntary resignation from the Central Bank in 2018 in order to pursue the same goal.”
“In line with the provisions of the Amended Electoral Act 2026, which preclude political office holders from contesting elections, I consider it both appropriate and necessary to resign at this time.”
Adelabu’s exit marks a major political development ahead of the next electoral cycle, particularly in Oyo State, where he is expected to contest the governorship election.
News
Wale Edun, Musa Dangiwa Resigned Voluntarily, Not Sacked – Presidency
The Presidency has clarified that Wale Edun (former Finance Minister) and Ahmed Musa Dangiwa (former Housing Minister) voluntarily resigned from their positions and were not sacked by President Tinubu.
In a statement released this evening April 22, presidential media aide, Bayo Onanuga, said that contrary to public opinions, Wale Edun resigned on health grounds while Dangiwa also tendered his resignation and thanked the President for the opportunity given him to serve in the Federal Executive Council.
Onanuga stated that Edun, who clocked 70 on Monday and has battled recent ill health, fittingly submitted his resignation letter on his birthday, thanking the President for the opportunity to serve Nigeria.
“It has been a pleasure and privilege to serve your administration and the Renewed Hope Agenda, Under your leadership, Nigeria has emerged stronger, more resilient and more internationally respected. I wish you and the administration every success in the future” he wrote
Onanuga stated that on Tuesday, before the Office of the Secretary of the Government of the Federation announced his departure from the Cabinet, Edun paid a valedictory visit to the President at the Villa and held an hour-long discussion with the president and then left to focus on his private businesses.
The presidential aide stated that President Tinubu has expressed deep appreciation to Edun and Dangiwa for their dedicated service and significant contributions to the administration’s economic reform programme and wished them continued success in their future endeavours.
‘’In the same vein, the President has urged the new Minister of Finance, Taiwo Oyedele, to consolidate ongoing reforms and advance the administration’s fiscal and economic objectives with renewed focus, discipline, and innovation.
President Tinubu will shortly send the ministerial nominee for housing, Muttaqha Rabe Darma, also from Katsina, like Dangiwa, to the Senate for confirmation” the statement concluded
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Unity Bank, Experts Advocate Green Investment, Climate Innovation To Drive Economic Resilience
Nigeria’s retail lender, Unity Bank Plc, alongside leading climate innovation experts, has called for increased investment in the green economy and the adoption of frontier technologies as critical pathways to driving economic resilience and reducing the impact of climate change on vulnerable populations across Africa.
The call was made during a thought-provoking webinar hosted by the Bank to commemorate this year’s Earth Day, themed “The True Cost of Climate Change and Who Pays?”. Climate experts and stakeholders convened to examine the human, economic, and institutional costs of climate change, while spotlighting practical solutions to address its growing impact.
In his opening remarks, Unity Bank’s Head of Strategy and Innovation, Ibukun Coker, emphasised the urgency of addressing climate risks from both a societal and business perspective.
He said: “Climate change is no longer a distant or abstract challenge. It is an existential threat with direct consequences for individuals, businesses, and economies. At Unity Bank, we recognise the role institutions must play in incorporating sustainability in project financing, supporting businesses and promoting solutions that build resilience in communities where we operate.”
The webinar featured Chinwe Udo-Davis, Founder and CEO of Instollar, and Oluwatosin Ajide, Programme Manager at the Nigeria Climate Innovation Centre, both of whom provided insights into the drivers of climate change and the pathways to mitigation and adaptation.
Speaking during the session, Udo-Davis highlighted the disproportionate burden which climate change places on underserved communities and the need for inclusive solutions.
“The true cost of climate change is not evenly distributed. Communities with the least resources are often the most affected, whether through energy poverty, environmental degradation, or limited access to sustainable alternatives. Addressing this imbalance requires intentional investment in clean energy solutions that are both accessible and scalable.”
Ajide underscored the importance of coordinated, system-wide approaches in tackling climate challenges, particularly through innovation and policy alignment.
“Climate change is fundamentally a structural problem, and its solution requires a paradigm shift: from innovation and policy to financing and implementation. Stakeholders must work collaboratively to drive solutions that are sustainable and inclusive.”
The session also explored emerging opportunities in climate technology, renewable energy, and ecosystem financing, reinforcing the role of innovation and cross-sector collaboration in building long-term resilience.
By hosting the webinar, Unity Bank continues to demonstrate its commitment to advancing sustainability-focused dialogue and supporting initiatives that promote responsible growth and environmental stewardship.
The initiative underscores the Bank’s broader strategic focus on environmental sustainability as well as its commitment to financial inclusion.
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