The Nigerian government has announced a shift in its approach to minimum wage reviews.
The disclosure was made by Minister of State for Labour and Employment, Nkeiruka Onyejeocha, on Thursday in Abia State.
She said the minimum wage will now be reviewed every two years, instead of the previous five-year interval.
Onyejeocha said that this new timeline is in line with President Bola Tinubu’s commitment to reviewing the minimum wage every three years.
“We are not going to allow minimum wage review to be forever. It used to be about five years, but now, in three years’ time, which is less than two years, we will also review the minimum wage,” she explained.
Last year, President Tinubu approved a N70,000 minimum wage, with a promise to review it every three years. The federal government has since implemented the new minimum wage, effective from July 29, 2024, following an agreement with the Labour Union.
Meanwhile, the Trade Union Congress has called for a yearly review of the minimum wage, citing rising inflation as a major concern.
Hmmm
This is not our expectations
Pay the #70k first to enjoy before talking on next closed door insinuating.
Also help remove all federal civil staff from pencom organisation for all retiring staff able to enjoy their money like army personnel.
We don’t want token takes home after retirement sir.
Also, return annual leave allowance,u will see that all federal civil servants will vote u with chaos.