Lagos State Governor Babajide Sanwo-Olu announced his government’s intention to increase the national minimum wage from N70,000 to N85,000 for workers in the state.
During a live interview on Channels TV’s “One-On-One with Babajide Sanwo-Olu” on Wednesday evening, the governor affirmed that the decision had already been communicated with labour unions.
He clarified that the increased wage reflects the state’s ability to support it and addresses Lagos’s higher cost of living. He also suggested the possibility of further of further wage hikes next year.
“You also mentioned the minimum wage and what I need to do for my people. I’m glad to announce that the minimum wage for Lagos, which we have discussed with our unions, is N85,000 today, and it is not a competition.
“It is a function of affordability and capacity, but we know too well that when people live in Lagos, it has a premium in terms of cost of living, ” the governor stated.
“We increased our salary earlier in the year and would like to come in January and say I’ve been able to increase the minimum wage in Lagos to N100,000.” He added.
The governor also discussed plans to enhance the state’s transportation system, specifically rail, to connect all five districts.
President Tinubu approved a new minimum wage of N70,000 for Nigerian workers and committed to reviewing the wage law every three years.