Several Nigerian states are racing to meet the January deadline for implementing the new minimum wage, with Oyo State already paying N80,000 to its workers.
Key Developments:
- Oyo State has begun paying the new minimum wage of N80,000, effective January 1, 2025.
- Imo, Sokoto, and Akwa Ibom states have committed to paying the new minimum wage by January ending.
- The Federal Capital Territory (FCT) also expects to implement the new minimum wage by the end of January.
- Lagos, Rivers, Edo, Ogun, and Kogi started paying the new wage in 2024.
Labor Unions’ Reaction:
The Nigeria Labour Congress (NLC) has expressed optimism that state governments will honor their commitment to pay the new minimum wage. The NLC National Treasurer, Hakeem Ambali, emphasized that payment of the minimum wage is a legal obligation and urged governors to pay outstanding arrears.
Background:
President Bola Tinubu approved a new minimum wage of N70,000 in July 2024, representing a 12.9% increase from the previous minimum wage rate. The move aims to cushion the effects of inflation on workers’ purchasing power.
Source: Punch
