Minimum Wage: FG Announces Period For Next Increase
The Federal government has declared that workers minimum would be reviewed on a two-year interval instead of five years.
This was disclosed by the Minister of State for Labour and Employment, Nkeiruka Onyejeocha on Thursday in Abia State.
The Minister said 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.
Onyejeocha said, “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 follows the recently yearly review of the minimum wage in line with economic realities such as rising inflation called for by the Trade Union Congress.
Currently, the national minimum wage stands on N70,000 with a promise to review it every three years by the Tinubu -led administration
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