Inside Nigeria
BREAKING: FG to backdate minimum wage implementation to July 29
A breakthrough has been reached regarding Nigeria’s minimum wage increase.
The Committee on Consequential Adjustments in Salaries agreed to implement the new minimum wage of ₦70,000 (up from ₦30,000) starting July 29, 2024.
This decision was outlined in a Memorandum of Understanding following the committee’s meeting in Abuja.
The 16-member committee aims to ensure seamless implementation of the National Minimum Wage Act 2024.
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