In a significant development, federal government employees in Nigeria will begin receiving the new minimum wage payment starting today, September 26, 2024. This update was confirmed by Bawa Mokwa, Spokesperson for the Office of the Accountant-General of the Federation [1).
The new minimum wage of N70,000 was sanctioned by President Bola Ahmed Tinubu on July 18, 2024, and subsequently enacted into law by the Senate. The National Salaries, Incomes and Wages Commission (NSIWC) announced that the payment of the revised minimum wage would officially begin from July 2024.
*Key Highlights:*
– _New Minimum Wage_: N70,000
– _Implementation Date_: July 29, 2024
– _Payment Commencement_: September 26, 2024
– _Arrears_: Uncertainty surrounds whether the minimum wage will be disbursed along with outstanding arrears
The Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC) have expressed dissatisfaction with the July backdate decision, citing earlier promises of implementation from May 1, 2024.