News Update
THE Nigerian government has announced a new policy to shorten the review period for the national minimum wage.
Instead of waiting five years, the review will now happen every two years.
The Minister of State for Labour and Employment, Nkeiruka Onyejeocha, shared this update during a visit to Abia State.
She explained that the change is meant to help workers deal with the rising cost of living.
“We are not going to allow minimum wage review to be forever.
“It used to be about five years, but now, in three years’ time, which is less than two years, we will also review the minimum wage,” Onyejeocha said.
This announcement follows a suggestion from the Trade Union Congress for yearly reviews to handle inflation, which was 34.60 percent in November 2024.
Last year, the government set the minimum wage at N70,000 and promised to review it regularly.
The new plan aims to keep wages more in line with current economic realities.
NOTE:
YOU can join our WhatsApp, Telegram for the News updates you need by sending your Full name & location to WhatsApp No. CLICK HERE @ Wa.me/+2348072633727
YOU CAN READ MORE NEWS UPDATES AND INFO @ https://www.voiceairmedia.com
News Update THE Minister of Power, Adebayo Adelabu, has announced his resignation from office to…
The Nigerian Senate has approved the request of President Bola Tinubu to go for external…
THE leadership of Ifedayo Local Government Area of Osun State on Tuesday commenced massive roads…
News Update Eight members of the House of Representatives from Kano State on Tuesday announced…
News Update President Bola Tinubu has requested the Senate’s approval to secure external loans totalling…
Hon. Ayodeji Ajayi the immediate past Federal Commissioner of the National Population Commission (NPC) representing…