Nigeria sets up committee on minimum wage #

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Nigeria Sets Up Committee on Minimum Wage

The Nigerian government has established a committee to review and adjust the country's minimum wage. The committee, which is chaired by the Minister of Labour and Employment, Chris Ngige, will comprise representatives from the government, labour unions, and the private sector.

The committee's mandate is to review the current minimum wage of N18,000 (approximately $50) per month, which has been in place since 2011. The review is expected to take into account the current economic situation in the country, as well as the cost of living and the ability of employers to pay.

The committee is also tasked with identifying the factors that affect the cost of living in Nigeria and determining the minimum wage that is necessary to ensure a decent standard of living for workers.

The review of the minimum wage is seen as a major step towards improving the welfare of Nigerian workers, who have been demanding a higher minimum wage for some time. The committee is expected to submit its report and recommendations to the government within the next few months.

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The announcement of the committee has been welcomed by labour unions and workers' rights groups, who have been pushing for a higher minimum wage. However, some employers have expressed concerns about the potential impact of a higher minimum wage on their businesses.

Overall, the review of the minimum wage is seen as a positive step towards improving the welfare of Nigerian workers and promoting economic growth and development in the country.