Tag: new minimum wage

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun has proposed a new minimum wage. He is said to have presented a new minimum wage template N105,000 (approximately $220) per month for Nigerian workers to President Bola Ahmed Tinubu before the expiry of the 48-hour deadline. The Minister also submitted the projected […]

Bismarck Rewane, managing director of Financial Derivatives Company (FDC), has called on the the Nigeria Labour Congress (NLC) to reconsider its position on benchmarking the minimum wage demand with the dollar exchange rate. Rewane, who is also the chairman of FCMB, noted that a high minimum wage would result in massive job layoffs, especially among […]

President Bola Tinubu has directed the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, to calculate the cost implications of a new national minimum wage. The President gave the directive at the State House on Tuesday, June 4, when he held a meeting with members of the federal government’s negotiation team, which […]

The Minister of Information and National Orientation, Alhaji Mohammed Idris, has announced the date that the federal government will discuss the new minimum wage with Labour. He said the discussion will hold in March. Idris disclosed this at the 21st Daily Trust Dialogue and presentation of the 2023 African Award of the Year on Thursday […]

The 10th Senate disclosed on Friday that it would give swift consideration to the proposed new minimum wage bill from the executive arm of government. The Chairman of the Senate Committee on Employment, Labour and Productivity, Senator Diket Plang (APC, Plateau Central) revealed this in a statement. Plang stated that the Senate is committed to […]