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
THE Federal Government has unveiled a partnership initiative aimed at equipping over six million Nigerian…
News Update Twenty five members of the Osun Stateosu Hpouse of Assembly have defected from…
THE Commissioner of Police in Ondo State, Adebowale Lawal, has stressed the need for religious…
Governor of Adamawa State, Ahmadu Umaru Fintiri, has formally announced his defection from the Peoples…
News Update THE Redeemed Christian Church of God (RCCG), Continent 3, says it will empower…
News Update First daughter of Anambra State Governor, Adaora Soludo has been appointed Women’s Leader…