Latest news on nigeria minimum wage 2018

As of 2018, the latest news on the minimum wage in Nigeria is that the Federal Government of Nigeria has increased the minimum wage from N18,000 to N30,000 per month. This was announced by President Muhammadu Buhari on April 18, 2018, after the National Council of State (NCS) approved the new minimum wage.

The increase in the minimum wage was a result of a long-standing demand by workers and labor unions in Nigeria, who had been pushing for a review of the minimum wage since 2011. The new minimum wage is expected to benefit over 45 million workers in the public and private sectors of the economy.

Some of the key details of the new minimum wage include:

• The new minimum wage is N30,000 per month, which is a 66.7% increase from the previous minimum wage of N18,000.
• The new minimum wage is applicable to all workers in the public and private sectors, including federal, state, and local government employees, as well as workers in the private sector.
• The new minimum wage is expected to take effect from April 18, 2018, although the exact date of implementation may vary depending on the sector and employer.
• The new minimum wage is expected to have a positive impact on the economy, as it will increase the purchasing power of workers and stimulate economic growth.

It's worth noting that the implementation of the new minimum wage has been slow in some states, and some employers have been dragging their feet in implementing the new wage. However, the Federal Government has reiterated its commitment to ensuring that all employers comply with the new minimum wage.