Labour

Why We Agreed To N70,000 Minimum Wage Amid Petrol Price Hike – NLC President President of the Nigeria Labour Congress (NLC), Joe Ajaero, detailed the NLC’s reasoning behind accepting a N70,000 minimum wage offer during a recent interview on Arise Television’s Morning Show. Ajaero explained the decision occurred amid discussions with President Bola Tinubu at the Presidential Villa, Abuja, where the NLC turned down further fuel price increases while negotiating the wage agreement. Ajaero highlighted that despite organised labour’s initial push for a N250,000 minimum wage, they ultimately accepted N70,000 after negotiations reached a deadlock. “While we were discussing, we…

FG Explains Minimum Wage July 29 Backpay The Federal Government through the National Salaries, Incomes and Wages Commission has stated that the payment of the new minimum wage will commence from July 2024. The NSIWC Chairman, Ekpo Nta, said this during a press briefing on Tuesday in Abuja. The commission stated that this was because the date in question was when the President approved the bill after the National Assembly passed it. The development is contrary to an earlier statement by the Minister of State for Labour, Nkiruka Onyejeocha, that the payment would commence on May 1, 2024. It also…

Private Employers Paying Below N70,000 Risk Jail – FG The Federal Government has called on agencies recruiting for the private sector to adhere to the N70,000 minimum wage, warning that any deviation would not be tolerated. According to the FG, the new minimum wage is necessary to address the current economic reality, emphasising that no Nigerian worker, whether in government or private employment, should be paid less than the minimum wage. The Permanent Secretary, Federal Ministry of Labour and Employment, Alhaji Ismaila Abubakar, stated this on Wednesday while speaking at the 13th Annual General Meeting of the Employers Association for…