The Nigerian government reassures workers about the forthcoming increase in the national minimum wage, ensuring no loss for them, as the implementation is set to begin on May 1, 2024.
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Despite delays in finalizing the new wage, Minister of State for Labour Nkeiruka Onyejeocha assures ongoing consultations to expedite the process.
Labour unions, including the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC), urge President Bola Tinubu’s administration to hasten the wage review due to economic challenges.
Organised Labour’s recent demand stands at ₦615,000 to address the high cost of living in Nigeria, citing the insufficiency of the current ₦30,000 minimum wage.
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The unions express concerns over non-compliance by some governors with the existing wage award, which expired in April, in accordance with the Minimum Wage Act of 2019.
This legislation mandates a review every five years to reflect changing economic conditions.
President Tinubu acknowledges Nigerian workers’ contributions to the nation’s development, as conveyed by Vice President Kashim Shettima during the 2024 Workers’ Day event in Abuja.
Tinubu pledges the government’s openness to the committee’s proposals regarding the new minimum wage, highlighting ongoing reform initiatives aimed at enhancing Nigeria’s prosperity.
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