BREAKING: FG Announces When New Minimum Wage Will Finally Take Effect

The federal government has disclosed that the new minimum wage will take effect on May 1, 2024. It added that although the Tripartite Committee on National Minimum Wage had yet to complete its negotiation, workers would not lose anything.

This development was disclosed by Nkeiruka Onyejeocha, the minister of state for labour, on Wednesday, May 1, during her address to the Nigerian workers on the May Day celebration in Abuja.

Bola Tinubu-led federal government has announced that the new minimum wage will take effect from May 1

Tinubu speaks on commencement date for new minimum wage
Photo Credit: Bola Ahmed Tinubu, Joe AjaeroSource: Twitter

The minister expressed regret that the new minimum wage had not been ready for the May Day celebration. She added that wide consultation was ongoing to ensure that the new minimum wage was announced as soon as possible.

President Bola Tinubu has been urged to fast-track the upward review of the new minimum wage awards by the Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC) in various instances.

Organised labour had recently demanded N615,000 as the new minimum wage for members so that they can cope with current economic realities and the high cost of living in the country.

Source: Fox Nigeria

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