The Nigerian government has unveiled a new approach for reviewing the minimum wage, signaling a shift from the previous practice.
As reported by Politics Nigeria, the Minister of State for Labour and Employment, Nkeiruka Onyejeocha, revealed the change on Thursday during an event in Abia State. She stated that the minimum wage will now be reviewed every two years, replacing the former five-year interval.
This new timeline aligns with President Bola Tinubu’s commitment to revisiting the minimum wage every three years. Onyejeocha emphasized that the government will no longer allow indefinite delays in the review process.
“We are not going to allow the minimum wage review to be delayed indefinitely. It used to be every five years, but now, in less than two years, we will review the minimum wage again,” she explained.
In 2024, President Tinubu approved a N70,000 minimum wage, with the promise to review it every three years. The new minimum wage, effective from July 29, 2024, follows an agreement with the Labour Union.
Meanwhile, the Trade Union Congress has called for annual reviews of the minimum wage, citing the ongoing concerns of rising inflation.
