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Tag: Minimum Wage

featured Finance

Private sector rejects pressure to match proposed ₦100,000 minimum wage

Members of the organised private sector have warned against expecting private sector employers to automatically adopt a N100,000 minimum wage, despite moves by some state governments to raise workers’ salaries to that level. The business groups argued that while some large corporations and thriving sectors of the economy may have the capacity to pay wages […]

featured Finance

Govs considering ₦100,000 minimum wage amid hardship — NGF

The Chairman of the Nigeria Governors’ Forum and Governor of Kwara State, AbdulRahman AbdulRazaq, has disclosed that state governors are considering a new national minimum wage of N100,000 as part of efforts to address the growing economic hardship facing Nigerians. AbdulRazaq made the disclosure in a Facebook post on Saturday, explaining that the proposal was […]

Finance

Venezuela interim leader announces minimum wage raise for workers

Venezuela’s interim president, Delcy Rodriguez, on Wednesday promised a hike in wages, which have been eroded by years of inflation and economic collapse. The minimum hourly wage in Venezuela is currently equivalent to 27 US cents, with annual inflation exceeding 600 percent. For ordinary Venezuelans, monthly wages can reach $150 with state-provided bonuses, but that’s […]

Labour advocates annual minimum wage adjustment to reflect inflation
featured Finance

NLC targets 2026 for new minimum wage review

The Nigeria Labour Congress has declared its intention to push for an upward review of the ₦70,000 national minimum wage in 2026, despite the wage having received approval from the federal government in July 2024. The labour body hinged its position on the continued rise in the cost of living across the country, citing increases […]

Imo state approves N592bn 2024 budget
featured News

Imo begins payment of ₦104,000 new minimum wage

The Imo State Government has commenced payment of the new ₦104,000 minimum wage to workers, thereby fulfilling its earlier promise to review salaries upward. The PUNCH reported that state employees received bank alerts reflecting the new wage structure, which has sparked excitement and gratitude towards Governor Hope Uzodimma for the timely implementation. The new wage […]

Ban on styrofoam, satchet alcohol to worsen employment - NECA
featured News

Why states should pay above N70k minimum wage – NECA

Following the rising cost of living in the country and its impact on the people, as well as the increase in Federal allocations to all tiers of government, the Nigeria Employers’ Consultative Association has said state governments had no excuse not to pay civil servants above the N70,000 minimum wage. Director General of NECA, Adewale […]

NLC Northwest Zone suggests N485,000 minimum wage for labourers
News

NLC urges states to emulate Imo’s N104,000 minimum wage

The Nigeria Labour Congress has called on the Federal and other state governments to emulate Imo State in implementing the N104,000 minimum wage for workers in the country. The President of NLC, Joe Ajaero, made the call in an interview with newsmen on the sideline of the National Union of Civil Engineering Construction, Furniture and […]

Obi offers measures to prevent exit of multinational companies from Nigeria
Opinion

Passports fee higher than minimum wage, Obi slams new hike

The 2023 presidential candidate of the Labour Party, Peter Obi, has slammed the federal government for the recent hike in the price of procuring passports. According to the former Anambra State governor, the President Bola Tinubu administration has placed another burden on the populace instead of alleviate it. In a tweet posted on Thursday night […]

NLC Northwest Zone suggests N485,000 minimum wage for labourers
News

Lagos NLC demands N150,000 minimum wage

The Nigeria Labour Congress, Lagos State chapter, is demanding a minimum wage of N150,000 for Lagos State workers, following the increase in the minimum wage by the Imo and Ebonyi governments. The chairperson of NLC in Lagos, Funmi Sesi, made the call on Thursday, while reacting to the minimum wage increase by Imo and Ebonyi […]

Gov Nwifuru to purchase aircrafts for Ebonyi airport
News

Ebonyi increases workers’ minimum wage to N90,000

The Ebonyi Government has announced an increase in the minimum wage of civil servants from N70,000 to N90,000. The Commissioner for Information and Orientation, Chief Ikeuwa Omebe, made the disclosure on Thursday, while briefing newsmen on the outcome of the state Executive Council meeting. Omebe stated that the increment was aimed at enhancing workers’ welfare, […]

NLC Northwest Zone suggests N485,000 minimum wage for labourers
News

Imo increases civil servants minimum wage to N104,000

Imo State Governor, Senator Hope Uzodimma, has announced a significant increase in the minimum wage for workers in the state civil service, raising it to N104,000. The governor made this declaration during a meeting with members of the state labour force held at the Government House in Owerri on Tuesday. In a related move, the […]

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