Nigeria news on minimum wage today

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

Latest Update:

• The Nigerian government has finally signed the new minimum wage bill into law, increasing the minimum wage from N18,000 to N30,000 per month. The bill was signed by President Muhammadu Buhari on April 18, 2020.
• The new minimum wage will take effect from April 18, 2020, and will apply to all federal government employees, as well as those in the private sector who are covered by the National Minimum Wage Act.
• The new wage will also lead to an increase in the salaries of state and local government employees, as well as those in the private sector who are covered by the National Minimum Wage Act.

Background:

• The minimum wage debate in Nigeria has been ongoing for several years, with various stakeholders calling for an increase in the minimum wage to reflect the rising cost of living in the country.
• In 2018, the Nigerian government set up a tripartite committee to negotiate a new minimum wage, which was chaired by the Minister of Labour and Employment, Chris Ngige.
• The committee submitted its report in November 2018, recommending a new minimum wage of N30,000 per month.
• However, the government and the organized labor unions were unable to agree on the new wage, leading to a strike by workers in November 2018.

Recent Developments:

• In February 2020, the Senate passed the new minimum wage bill, which was sent to the House of Representatives for concurrence.
• The House of Representatives passed the bill on March 26, 2020, and it was sent to President Buhari for signing.
• On April 18, 2020, President Buhari signed the bill into law, increasing the minimum wage from N18,000 to N30,000 per month.

Reactions:

• The Nigerian Labour Congress (NLC) has welcomed the signing of the new minimum wage bill, saying it is a major victory for workers in the country.
• The NLC has also called on state governments to implement the new wage immediately, saying that workers should not be made to suffer further.
• The Nigeria Employers' Consultative Association (NECA) has also welcomed the new minimum wage, saying it is a positive development for the country's economy.

I hope this information is helpful!