BREAKING: FG Unveils New Minimum Wage Implementation Date!
Thursday 30 November 2023
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In a seismic shift, the Federal Government has just dropped a bombshell—get ready for a brand-new minimum wage! The current N30,000 rate is set to expire in March 2024, but fear not, as a fresh wage plan is gearing up to cushion the blow.
Following the removal of the fuel subsidy by President Bola Tinubu in May 2023, a temporary relief of N35,000 was provided to workers. Now, negotiations are in full swing between the Federal Government and labour unions, with talks of a comprehensive wage review in 2024. CONTINUE READING.....
Minister of Information and National Orientation, Idris Mohammed, spilled the beans, saying, "Certainly, there is a new wage regime that will come in on April 1, 2024." Buckle up for a significant economic shift!
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The government is gearing up to spend a whopping N24.66 trillion on salaries from 2024 to 2026, signaling a commitment to uplifting the workforce. National President of the Nigeria Labour Congress, Joe Ajaero, emphasized the legal requirement for a minimum wage review every five years, in line with Nigeria's labour law. CONTINUE READING........
Labor unions are taking charge, initiating talks with the government to set up a national wage negotiation committee. The Head of Information at the NLC, Benson Upah, confirms that the eagerly awaited new minimum wage is set to roll out next year.
This development isn't just a bureaucratic formality; it's a game-changer that will impact workers across the nation. Brace yourself for a revamped salary structure, and stay tuned as this wage revolution unfolds!
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