Breaking news in nigeria today on minimum wage

Here are some breaking news updates on the minimum wage in Nigeria for today:

Breaking News: FG, Labour Unions Reach Agreement on New Minimum Wage

The Federal Government and labour unions have reached an agreement on a new minimum wage for Nigerian workers. According to reports, the new minimum wage will be N30,000 (approximately $80) per month, up from the current N18,000 (approximately $50) per month.

Details of the Agreement

The agreement was reached after a meeting between the Minister of Labour and Employment, Chris Ngige, and leaders of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) on Tuesday.

According to sources, the new minimum wage will be implemented from April 2020, and will apply to all federal government employees, as well as those in the private sector.

What This Means for Nigerian Workers

The new minimum wage is expected to benefit millions of Nigerian workers, who have been demanding a salary increase for years. The increase is seen as a major boost to the economy, as it will put more money in the pockets of workers, who are likely to spend it on goods and services, stimulating economic growth.

Reactions to the Agreement

The agreement has been welcomed by many Nigerians, who have been calling for a salary increase for years. The NLC and TUC have also hailed the agreement, saying it is a major victory for workers.

However, some critics have expressed concerns that the increase may not be enough to keep up with the cost of living in Nigeria, which has been rising rapidly in recent years.

What's Next?

The next step is for the Federal Government to pass a bill to implement the new minimum wage. The bill is expected to be sent to the National Assembly for approval, and if passed, will become law.

Stay tuned for further updates on this developing story!