News
New minimum wage to take effect today — FG
The Federal government has assured workers that the new minimum wage will take effect from today, May 1, 2024, despite ongoing negotiations within the tripartite committee on national minimum wage.
Addressing Nigerian workers during the May Day celebration in Abuja, Minister of State Labour Nkeiruka Onyejeocha emphasised that although the conclusion of the negotiations is pending, efforts are underway to expedite the process and ensure the timely release of the new minimum wage.
Expressing regret over the delay in finalising the new national minimum wage, Onyejeocha reassured workers that comprehensive consultations are ongoing to facilitate the prompt formulation of the required document.
Recall that the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have demanded N615,000 as the new minimum wage, up from the current N30,000 as the new minimum wage for workers in the country.
They also argued that the current minimum wage expired in April, five years after the Minimum Wage Act of 2019 was signed by former President Muhammadu Buhari.
They argued that while the Act is to be reviewed every five years, the current economic climate in the country has even made it even more urgent