New minimum wage will take effect come May 1, 2024 – FG
The federal Government says although the Tripartite Committee On National Minimum Wage is yet to conclude its negotiations, workers will not lose anything as the new minimum wage will take effect from May 1, 2024.
The Minister of State Labour, Nkeiruka Onyejeocha, stated this on Wednesday while addressing Nigerian workers at the May Day celebration in Abuja.
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She said it is regrettable that the new national minimum wage is not ready before today, but that a wide consultation is ongoing to ensure that the document is out together as soon as possible.
The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have at various times called on the administration of President Bola Tinubu to hasten the upward review of wage awards. Of late, the Organised Labour demanded N615,000 as the new minimum wage for workers to cope with the many economic realities and high cost of living in Nigeria.
The labour unions said the current minimum wage of N30,000 can no longer cater for the wellbeing of an average Nigerian worker, lamenting that not all governors are paying the current wage award which expired in April, five years after the Minimum Wage Act of 2019 was signed by former President Muhammadu Buhari. The Act is to be reviewed every five years to meet up with contemporary economic demands of workers.
Meanwhile, President Tinubu has lauded the contributions of workers in Nigeria to the growth of the country.
He gave the commendation in his address to the workers presented by Vice President Kashim Shettima at an event to mark the 2024 Workers’ Day in Abuja.
He said the Federal government is opened to receive the recommendations of the committee on the new national minimum wage.
He assured that the reform agenda of the current administration is geared towards the progress of Nigeria.
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Information is presented to the best of our knowledge and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability concerning the website or the information, products, services, or related graphics contained on the website for any purpose. Therefore, any reliance you place on such information is strictly at your own risk.
