FG To Increase Minimum Wage By 23.5 Percent

Information reaching our news desk is that the Federal Government of Nigeria will adjust workers’ salaries to meet the current realities in the economy of the country.

This was disclosed by the honourable Minister of Labour and Employment, Chris Ngige, during his presentation of the NLC at 40 publication titled, ‘Contemporary History of Working Class Struggles’ in Abuja.

According to Ngige, the Federal Government is aware that the N30,000 National Minimum Wage had depreciated.

He said;

“Yes, the inflation has increased worldwide, and it is not confined to Nigeria. That is why in many jurisdictions, it is an adjustment of wages right now.

“We as the Nigerian government shall adjust in confirmative with what is happening in wages.

“More importantly, the 2019 National Minimum Wage Act, right now, has a clause for the review, which we started then. I do not know whether it is due next year or 2024.

“But before then, the adjustment of wages will reflect what is happening in the economy, just as the government has started the adjustment with the Academic Staff Union of Universities (ASUU)”.

Recall that the federal government recently increased lecturer’s salary by 23.5 percent.

Going by this, it’s very likely that this would be applied to the current N30,000 National minimum wage.

23.5% of N30,000 is 7,050. N30,000 + 7,050 = N37,050. Therefore, the new minimum wage is likely to be N37,050.

Tell us what you think in the comment section below.

Source: Nyscînfo.com

1 thought on “FG To Increase Minimum Wage By 23.5 Percent”

  1. Barnabas Anderson Aseshi

    The Ecenomically, the cost of living is increasing in dairy basis, while the source of living “salary”is not increase.
    I really appreciated and agreed with the motion of increasing the minimum wage sir.
    I’m Barnabas Anderson Aseshi.

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