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Labour Plans Talks With Govs As N’Assembly Okays N70,000 Wage

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Labour unions in the country say they will schedule meetings with state governments as part of efforts to ensure that they comply with the 2024 National Minimum Wage Amendment Act Bill, which on Tuesday empowered Nigerian workers to earn at least N70,000 on a monthly basis.

The Senate on Tuesday at plenary passed the 2024 National Minimum Wage Amendment Act Bill after President Bola Tinubu had transmitted the new wage bill to both chambers of the National Assembly, seeking expeditious support of the lawmakers for its passage.

The Senate and House of Representatives passed the new minimum wage bill.

The bill passed the first (President Tinubu’s request), second (debate on general principles) and third readings on Tuesday — all within an hour — in the upper and lower legislative chambers.

The new bill replaces the National Minimum Wage Act, No. 8, 2019 which approved N30,000 minimum wage with five years to negotiate a new wage. The new wage review period has now been reduced to three years following Tuesday’s legislation.

While leading a debate on the bill, Opeyemi Bamidele, Majority Leader of the Senate, said N70,000 was agreed upon by all the parties after negotiations.

“This is part of the Federal Government’s short term measure to mitigate the situation in the country,” Bamidele said.

Chief Whip of the Senate, Tahir Monguno, said there was the need to review the minimum wage to align with economic realities.

“The review of the minimum wage used to be after every five years. It is now every three years,” Monguno said.

No Senator opposed the Bill during its consideration by the Committee of the Whole.

The Senators also unanimously approved that the Bill be read for the third time and passed when it was put to voice vote by Senate President Godswill Akpabio.

The legislation gives legal backing to the N70,000 minimum wage recently approved by the President after weeks of a face-off with labour unions over a new minimum wage.

The Nigeria Labour Congress and the Trade Union Congress had both threatened a nationwide strike in the event of the failure of the Federal Government to approve a new wage for workers.

The NLC and TUC proposed N494,000 as the new monthly national minimum wage, citing inflation and the prevailing economic hardship in the country.

The unions in several statements lamented the hardship in the country, fueled by the removal of subsidy from the Premium Motor Spirit, also known as petrol, and the rising cost of goods and services.

But the unions later reduced the amount to N250,000 after several meetings with the Presidency.

On June 7, the Federal Government increased its offer for the new minimum wage for workers from N60,000 to N62,000 but the unions insisted on N250,000.

On July 11, the labour leaders again met with President Tinubu at the Presidential Villa over the new minimum wage before eventually accepting N70,000 as the new minimum wage for workers last week.

At Tuesday’s plenary, the bill was speedily passed through the first and second reading stages, leading to the consideration of the report and final passage to pave the way for the immediate implementation of the new minimum wage.

After the bill passage on Tuesday, the Trade Union Congress warned states against delay in the implementation of the new minimum wage. The TUC noted that no delay should be allowed due to the biting economic conditions in the country.

The National Vice President, TUC, Tommy Etim, made this known in an interview with our correspondent.

Etim said, “We are happy that the Senate was able to pass the National Minimum Wage Bill promptly. It’s now for the President to sign it into law and for the implementation to commence immediately.

“Moreover, the states should not delay in the implementation because of the socioeconomic challenges and the need to address hunger in the land.”

The NLC also urged state governments to replicate the move by the Federal Government to hastily pass the new minimum wage bill into law. The Congress also advised states to implement the new minimum wage to the letter.

“We are delighted by the gesture of the Senate because it suggests sensitivity to the plight of our members. The 2019 law expired in April 2024. This means we are already in arrears. The states should not only obey the law to the hilt but timeously too,” the Head of Public Relations of the NLC, Benson Upah, told one of our correspondents in Abuja.

Ekiti, Osun pledge to pay

Meanwhile, The Kwara State Governor, Mallam AbdulRaman AbdulRazaq, on Tuesday forwarded a bill seeking the revised Supplementary Budget of the state by N201bn to the State House of Assembly for approval, as states begin moves to pay the new wage.

Though, the Governor did not state the reason for the budget in his letter to the Assembly, it was learnt it might not be unconnected with the recent enaqctment of the new wage bill.

In the letter, which was read at plenary by the Speaker, Yakubu Danladi-Salihu, the Governor sought consideration and approval for the 2024 Revised/Supplementary Estimate.

The Speaker stated, “The total budget size after review is now N493,449,372,429.00 as against the 2024 approved estimates of N292,741,292,132.30, representing 69 per cent increase.

“The bill, however, passed through first reading and thereafter the Clerk of the House was directed to circulate clean copies of the bill to the Honourable members and the bill was referred to the House Committee on Rules and Business to slate it for second reading at the next legislative day.”

Ekiti State Governor, Biodun Oyebanji, on Tuesday assured workers in the state that he would not disappoint them on the new minimum wage for workers.

Oyebanji, who spoke in Ado Ekiti, the Ekiti State capital, during the presentation of N1bn gratuity cheques to retirees, expressed hope that he would offset all outstanding pension arrears before the end of the year.

The governor said, “On minimum wage, once it becomes law, when the President signs it into law, all will be well. The only thing I know, I am here to serve you. Let us wait, at the appropriate time, all will be well. One thing I know is that I am not going to disappoint you.”

Also, Osun State Commissioner for Information and Public Enlightenment, Kolapo Alimi, said the state government would pay the new minimum wage, adding that the welfare of workers remained a priority of the present administration.

Alimi, who admitted that the new wage would strain the state’s finances, added that since the FG’s decision to pay the N70,000 minimum wage to workers was backed by law, Osun would not be found wanting.

“We will pay, but if the Federal Government is willing to give us more money, we will definitely be interested in collecting it. It is a question of law. Once they say an amount is the minimum wage and it is backed up by law, it is not negotiable.

“In Osun, the number one in the five-point agenda of the governor is workers’ welfare. If we can be paying arrears of salaries and pensions, we are going to pay the minimum wage. It is an obligation. I told you before now that whatever agreed upon as minimum wage, Osun will not be found wanting. It’s an additional burden but that notwithstanding, our government is committed to the welfare of the workers. We are going to pay,” Alimi said.

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Oyo 2027: Adelabu Quits As Power Minister To Focus On Guber Race

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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.

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Wale Edun, Musa Dangiwa Resigned Voluntarily, Not Sacked – Presidency

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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

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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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