Federal Government Gives Update On When New Minimum Wage Will Be Ready

The Federal Government led by Tinubu has revealed that the committee responsible for establishing a new national minimum wage will be inaugurated by the end of January.
The Minister of State for Labour and Employment, Nkeiruka Onyejeocha, conveyed this information in Abuja, as reported by The Nation.

“I am sure before the month runs out, the panel will be in place,” she said.

The current minimum wage in Nigeria is N30,000 and was signed into law on April 18, 2019 by former President Muhammadu Buhari.

However, following the removal of fuel subsidy by the government of President Bola Tinubu, on May 29, 2023, the Labour Unions in the country – Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) – have been advocating for a wage increase to reflect current realities.

Organized Labour wants an upward review of the national wage to N200,000.

It was learnt that President Tinubu, during the last Federal Executive Council (FEC) meeting, demanded the list of persons that will be part of the tripartite committee.