The Nigerian Labour Congress (NLC), Trade Union Congress (TUC), and sister unions have bowed to pressure and accepted President Bola Ahmed Tinubu’s N70,000 Minimum wage offer.

Their acceptance follows the approval of a new national minimum wage of N70,000 for Nigerian workers on Thursday.

The labour unions had rejected the government’s previous offer of N62,000 national minimum wage.

The organized labour leaders have however confirmed their acceptance.

Recall that the organized labour were demanding N494,000 pay for workers.

The government had argued that the N494,000 wage being demanded by organized labour, which cumulatively amounts to the sum of N9.5tn bill, was “capable of destabilizing the economy and jeopardizing the welfare of over 200 million Nigerians.”

But after reaching an agreement in a meeting with the Minister of Information Mohammed Idris, President of NLC, Comrade Joe Ajaero, confirmed that the unions had accepted Tinubu’s offer.

The President of TUC, Comrade Festus Usifo and other representatives of Nigerian workers were all present at the meeting.

Ajaero explained that organized labour accepted the offer because of other incentives attached.

He disclosed that part of the agreement was that the N70,000 wage would be reviewed every three years.