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Tag: Minimum Wage

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Soldiers now earn ₦100,000 minimum salary, says defence minister

The Minister of Defence, Christopher Musa, has said Nigerian soldiers now earn a minimum monthly salary of N100,000 following a recent review of their welfare by the Federal Government. Musa disclosed this during an interview on News Central on Wednesday, ahead of its broadcast on the NC Exclusive programme on Friday. The former Chief of […]

featured Finance

Federal workers demands ₦300,000 new minimum wage

The Federal Workers Forum has called on the Federal Government to approve a N300,000 national minimum wage, while also demanding the immediate payment of outstanding wage awards, salary arrears and other worker entitlements. Nairametrics reported that the demand was made on Monday by the National Coordinator of the Forum, Andrew Emelieze, in a statement issued […]

featured Finance

FG plans review of ₦70,000 minimum wage

The Federal Government has signalled plans to review the national minimum wage, stating that the current N70,000 benchmark no longer reflects prevailing economic realities. Vanguard reported that the move comes less than two years after President Bola Tinubu signed the new minimum wage into law, raising it from N30,000 and shortening the review cycle from […]

Finance

Civil servants demand 400% increase in minimum wage

Civil servants under the umbrella of the Joint National Public Service Negotiating Council Trade Union Side have called on the federal government and state governments to approve and implement a 400 per cent increase in the current N70,000 national minimum wage to cushion the devastating effects of the country’s economic hardship. The demand formed part […]

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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 […]

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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
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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
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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
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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 […]

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