FG Gives New Cheery News On New Minimum Wage

The Federal Government has assured workers in Nigeria that despite ongoing negotiations by the Tripartite Committee On National Minimum Wage, the new minimum wage will start retroactively from May 1, 2024.

This announcement was made by the Minister of State for Labour, Hon. Nkeiruka Onyejeocha, during the May Day celebration in Abuja.

Earlier reports indicated that the Federal Government had approved salary increases ranging from 25% to 35% for civil servants across six Consolidated Salary Structures.

These structures include CONPSS, CONRAISS, CONPOSS, CONPASS, CONICCS, and CONAFSS, with the increases retroactively effective from January 1, 2024.

Despite the delay in finalizing the new national minimum wage in Nigeria, the Minister emphasized ongoing consultations to expedite the process with a pledge that implementation will start from May 1, 2024.

The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have repeatedly urged the government to expedite the upward review of wage awards.

Organised Labour has demanded a new minimum wage of N615,000 to address economic realities and the high cost of living. They argue that the current N30,000 minimum wage, which expired in April, is inadequate, especially considering that not all governors have been consistently implementing it since the Minimum Wage Act of 2019 was signed into law by former President Muhammadu Buhari.

This act mandates a review every five years to align with prevailing economic conditions.

Source: Leadership

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