Federal Govt To  Pay Nigerian Workers New Minimum Wage In 2024

P.M.EXPRESS reports that it was disclosed by the Honourable Minister of Information and National Orientation, Mohammed Idris, who stated that Federal Government has promised workers that a new minimum wage will be implemented in 2024.

He said that government was working with organised labour leaders on the proposed new minimum wage and did not however, say how much the new minimum wages will be.

“We are finalising the process for payment of a Cash Transfer of N25,000 monthly to 15 million of the poorest and most vulnerable households in Nigeria, for three months (which has already started).”

“The Federal Government is also working on a new minimum wage for workers, which will come into effect next year.”

Meanwhile, the Nigeria Labour Congress (NLC) has refuted claims that it was in talks with the Federal Government over the implementation of a new minimum wage.

“The government has signified interest to work with us, but that work is yet to start; certainly not later than early next year. It is a statutory thing with a four-year cycle based on participatory stakeholders’ consultations, including labour, government and employers.”

“On how much the union intends to negotiate for workers as new minimum wage; “We would not jump the gun. That will not be fair. Nonetheless, the facts are very much in the open – inflation rate, exchange rate, cost of living, the entire basket will influence demands and possibly, outcomes.” NLC said.