PAYMENT OF N70K MINIMUM WAGE BEGINS END OF AUGUST - NLC
The leadership of the organised Labour in Nigeria says the new national minimum wage will be effective end of August, 2024.
What was agreed and signed into law by Nigerian President Bola Tinubu as new minimum wage is N70,000
Deputy President of Nigeria Labour Congress Political Commission, Prof. Theophilus Ndubuaku said so.
Prof. Ndubuaku explained the slight delay in implementation.
He attributed it to the cumbersome processes of calculating the consequential adjustment to know what is due to each grade level from one to level 16.
Prof Ndubuaku said, “We have no reason to suspect that (deliberate delay).In a real sense, signing the wage is just a small component of the main activity.
"There is something we call consequential adjustment.
"That involves the calculation of the minimum wage from level one, step one. From there, we will move from stage one to 13 all the way to level 16.
“So it is something that may take some time. Again, they are not going to compile them alone.
"There are templates for compiling it. But they must also carry us along.
"I believe you are aware there is a committee that is supposed to carry out the necessary adjustments.
"We expect it should be completed before the end of the month.”
