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Increased Minimum Wage Will Take Effect From 1st May 2024 – FG

Increased Minimum Wage Will Take Effect From 1st May 2024 – FG 

Although the Tripartite Committee on National Minimum Wage has not yet concluded its negotiations. According to the Federal Government, workers will not suffer any losses because the new minimum pay will go into effect on May 1, 2024.

During the May Day celebration in Abuja on Wednesday, Nkeiruka Onyejeocha, the Minister of State Labour, made this statement to the Nigerian workers. 

Although a broad consultation is being conducted to ensure that the paper be released as soon as possible, she expressed sorrow that the new national minimum wage was not available before today.

The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have at various times called on the administration of President Bola Tinubu to hasten the upward review of wage awards.

Recently, the Organised Labour in Nigeria has called for a minimum wage increase to N615,000 in order to help workers deal with the country’s various economic realities and high cost of living.

The labour unions complained that not all governors were paying the current wage award, which expired in April, five years after former President Muhammadu Buhari signed the Minimum Wage Act of 2019, claiming that the current minimum wage of N30,000 could no longer support the well-being of the average Nigerian worker. 

Every five years, the Act is to be revised in order to ensure that it still meets the modern economic needs of workers.

Meanwhile, President Tinubu has lauded the contributions of workers in Nigeria to the growth of the country.

He gave the commendation in his address to the workers presented by Vice President Kashim Shettima at an event to mark the 2024 Workers’ Day in Abuja.

He said the Federal government is opened to receive the recommendations of the committee on the new national minimum wage.

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