Nigerian govt announces period for next minimum wage increase

Nigerian govt announces period for next minimum wage increase

 The Nigerian government has announced that the minimum would
be reviewed on a two-year interval instead of five years.

 

The Minister of State for Labour and Employment, Nkeiruka
Onyejeocha, disclosed this on Thursday in Abia State.

 

According to her, the minimum review timeline is in line
with President Bola Tinubu’s commitment to his promise to Nigerian workers by
ensuring the minimum wage was reviewed after three years.

 

“We are not going to allow minimum wage review to be
forever.

 

“It used to be about five years, but now, in three years’
time, which is less than two years, we will also review the minimum wage,”
Onyejeocha said.

 

This comes as the Trade Union Congress recently called for a
yearly review of the minimum wage in line with economic realities such as
rising inflation.

 

Recall that last year Tinubu had approved a N70,000 minimum
wage, with a promise to review it every three years.

 

However, Nigeria’s rising inflation, which stood at 34.60
percent in November 2024, had impacted the minimum wage increase.

Source: Nigerian govt announces period for next minimum wage increase

 - NigerianEye
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