In a significant shift in the ongoing minimum wage debate, the Chairman of the Presidential Committee on Minimum Wage, has proposed that workers should earn an hourly wage rather than a monthly salary.
This move aims to ensure fair compensation for workers’ actual hours worked, promoting transparency and equity.
The proposal is a departure from the traditional monthly salary structure and is expected to benefit workers, particularly those in the informal sector.
The Committee is working to establish a new national minimum wage that reflects the country’s economic realities.
This development has sparked interest among labor unions, employers, and policymakers, who are eagerly awaiting the Committee’s final recommendations.
The proposed hourly wage system may revolutionize the way workers are compensated in Nigeria, promoting a more equitable and efficient labor market.