Approval of the new minimum wage by nass
You're referring to the recent development in Nigeria!
On April 18, 2022, the National Assembly of Nigeria (NASS) approved the new minimum wage of N41,000 (approximately $100 USD) per month for federal workers. This is a significant increase from the previous minimum wage of N30,000 (approximately $75 USD) per month.
The approval was given after a long-standing debate and negotiation between the federal government, labor unions, and the National Assembly. The new minimum wage is expected to benefit millions of workers in the country, particularly those in the public sector.
Here are some key details about the new minimum wage:
- New minimum wage: N41,000 (approximately $100 USD) per month for federal workers.
- Effective date: The new minimum wage will take effect from April 18, 2022.
- Coverage: The new minimum wage will apply to all federal workers, including those in the public sector, such as civil servants, teachers, and healthcare workers.
- State governments: The new minimum wage will also apply to state governments, but they will have the option to pay more or less, depending on their financial capabilities.
- Implementation: The federal government has given state governments and local governments a deadline of six months to implement the new minimum wage.
The approval of the new minimum wage is a significant step towards improving the welfare of workers in Nigeria and addressing the issue of poverty and income inequality in the country.