News on nigeria minimum wage

Here are some recent news updates on the minimum wage in Nigeria:

Latest Development:

• On April 18, 2022, the Nigerian Senate passed the National Minimum Wage (Amendment) Bill, 2022, which seeks to increase the national minimum wage from N30,000 to N40,000 per month. The bill is now awaiting presidential assent.
• On April 20, 2022, the Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC) gave the Federal Government a 14-day ultimatum to implement the new minimum wage, threatening to embark on a nationwide strike if the demand is not met.

Background:

• In 2019, the Nigerian government increased the national minimum wage from N18,000 to N30,000 per month, following a long-standing demand by workers and labour unions.
• However, the N30,000 minimum wage has been criticized as being inadequate, with many workers calling for an increase to reflect the rising cost of living in the country.

Key Issues:

• The main issue is the need to increase the minimum wage to reflect the current economic realities in the country, including the high cost of living, inflation, and the devaluation of the naira.
• Another issue is the implementation of the new minimum wage, as some states have been slow to comply with the federal government's directive to increase the wage.

Recent Quotes:

• "We are giving the government 14 days to implement the new minimum wage, otherwise, we will be left with no option than to embark on a nationwide strike." - Ayuba Wabba, NLC President
• "The new minimum wage is a welcome development, but we need to ensure that it is implemented across all states and sectors." - Quadri Olaleye, TUC President

Recent Developments:

• In March 2022, the Nigerian Governors' Forum (NGF) agreed to increase the minimum wage for their workers from N30,000 to N40,000 per month.
• In February 2022, the Federal Government announced plans to increase the minimum wage for federal workers from N30,000 to N40,000 per month.

I hope this information is helpful!