Latest news about new minimum wage in nigeria today
As of my knowledge cutoff, there hasn't been any recent update on a new minimum wage in Nigeria. However, I can provide you with some background information and recent developments on the topic.
Background: The minimum wage in Nigeria is currently N30,000 (approximately $80 USD) per month, which was implemented in April 2019. The previous minimum wage was N18,000 (approximately $50 USD) per month, which was in place since 2011.
Recent Developments: In October 2020, the Nigerian government announced plans to review the minimum wage, with a proposed increase to N40,000 (approximately $100 USD) per month. However, the review process has been slow, and there hasn't been any significant update since then.
Latest News: As of today, there hasn't been any official announcement on a new minimum wage in Nigeria. However, there have been reports of ongoing negotiations between the government and labor unions to increase the minimum wage.
Sources:
- Vanguard News: "FG, Labour Unions Meet Over New Minimum Wage" (October 2020)
- Premium Times: "Nigeria's minimum wage review: FG, Labour Unions agree on N40,000" (October 2020)
- The Cable: "FG, Labour Unions agree on N40,000 new minimum wage" (October 2020)
Please note that the information provided is based on my training data, and it may not reflect the most up-to-date information. I recommend checking reputable news sources for the latest updates on the minimum wage in Nigeria.