JUBILATION As Tinibu Govt announces date to unveil new minimum wage for workers
The federal government of Nigeria has declared that starting in 2024, workers would be entitled to a new minimum wage.
At the Thursday global press conference in Abuja, the Minister of Information and National Orientation, Mohammed Idris, revealed this information.
He claims that the government intends to collaborate with organized labour on the new minimum wage that is being suggested.
However, He did not reveal the new minimum salary amount.
“The Federal Government is also working on a new minimum wage for workers, which will come into effect next year,” he said.
Concurrently, the Nigeria Labour Congress (NLC) has denied rumors circulating that it is in discussions with the federal government on instituting a minimum wage increase.
The NLC spokesperson, Mr. Benson Upah, responded to the Federal Government’s disclosure by stating that although negotiations have not started, the administration has expressed interest in collaborating with labour on a new minimum wage.
He claims that the minimum wage is intended to be revised every four years in accordance with the statute.
“The government has signified interest in working with us, but that work is yet to start, certainly not later than early next year. It is a statutory thing with a four-year cycle based on participatory stakeholders’ consultations, including labour, government, and employers.”
Upah stated that the union would not “We would not jump the gun. That will not be fair. Nonetheless, the facts are very much in the open – inflation rate, exchange rate, cost of living; the entire basket will influence demands and, possibly, outcomes.”
Zingtie reminds us that the national minimum wage has been N30,000 since April 18, 2019.
However, the Nigerian government announced an additional N35,000 reward six months after removing the fuel subsidy in June.
This occurred when Nigeria’s inflation rate was still skyrocketing, reaching 28.80% in November.
