President Bola Ahmed Tinubu may announce a new minimum wage on May 1, to commemorate the International Labour Day.
According to a report from The
PUNCH on Saturday, the National Minimum Wage Committee was making efforts to
finalize negotiations about the new rate so the president could make the
announcement of the new wage during his Workers’ Day address.
Minimum wage is the lowest
amount of money that employers are legally required to pay their employees for
the period of work.
Nigeria’s minimum wage has been
N30,000 since 2018 with the labour union demanding an increase, especially with
the growing economic hardship.
A member of the National
Minimum Wage Committee who spoke on the condition of anonymity said the
committee would be meeting next week to collate all reports from the zonal
public hearings upon which subsequent actions would be discussed.
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