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Tinubu Pledges New Minimum Wage Within Government’s Means

President Bola Tinubu has affirmed that he will approve a new minimum wage that the Nigerian government can sustain. He made this announcement on Wednesday during a dinner in Abuja, held to celebrate Nigeria’s 25 years of uninterrupted democracy. The event was attended by Senate President Godswill Akpabio, Deputy Senate President Jibrin Barau, and other […]

Tinubu Vows Quick Passage of New Minimum Wage Law

President Bola Tinubu has assured organized labor that an executive bill on the new national minimum wage for workers will soon be sent to the National Assembly for passage. This announcement came during his Democracy Day speech on June 12, 2024. “In this spirit, we have negotiated in good faith and with open arms with […]

FG Offers ₦62,000 As New Minimum Wage, Labour Demands ₦250,000

After extensive negotiations on Friday, the Federal Government and the organised private sector have raised their offer for the new minimum wage to ₦62,000, up from the previous proposal of ₦60,000. In response, organised labour has adjusted its demand to ₦250,000, down from an earlier demand of ₦494,000. This development marks the conclusion of deliberations […]

Tinubu Directs Finance Minister to Draft New Minimum Wage Proposal

President Bola Tinubu has tasked the Minister of Finance, Wale Edun, with drafting a new minimum wage proposal. This directive came after a Federal Government delegation met with the President to discuss the new wage plan. “The President has instructed the Finance Minister to crunch the numbers and report back within a day or two, […]

Implementation of New Minimum Wage Starts from April 2024, Says FG

The Federal Government has disclosed plans for a new minimum wage regime set to take effect on April 1, 2024. Minister of Information and National Orientation, Idris Mohammed, revealed that the current N30,000 minimum wage will conclude by the end of March 2024. Mohammed emphasized the government’s concerted efforts to alleviate economic hardship by introducing […]