Buhari approves new minimum wage nairametrics
According to Nairametrics, President Muhammadu Buhari has approved a new minimum wage of N30,000 (Thirty Thousand Naira) per month for federal civil servants in Nigeria.
The approval was announced on April 18, 2019, after a meeting between the President and the leadership of the Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC).
The new minimum wage is a significant increase from the previous minimum wage of N18,000 (Eighteen Thousand Naira) per month, which has been in place since 2011.
The approval of the new minimum wage is a major victory for the Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC), which have been pushing for a wage increase for federal civil servants.
The new minimum wage is expected to benefit over 45 million federal civil servants in Nigeria, including those in the public sector, such as teachers, healthcare workers, and other government employees.
The approval of the new minimum wage is also expected to have a positive impact on the economy, as it is expected to increase consumer spending and boost economic growth.
Here are the details of the new minimum wage:
- New minimum wage: N30,000 (Thirty Thousand Naira) per month
- Effective date: April 18, 2019
- Beneficiaries: Over 45 million federal civil servants in Nigeria
- Impact: Expected to increase consumer spending and boost economic growth
It's worth noting that the new minimum wage is still subject to the approval of the National Assembly, which is expected to pass a bill to give legal backing to the new wage.