Federal Government set to begin the review of minimum wage
The National Salaries, Incomes and Wages Commission (NSIWC) will begin the process of reviewing the federal minimum wage on January 23.
Remember that President Muhammadu Buhari signed the Minimum Wage Act in 2019, which authorized N30,000 for both federal and state workers.
However, NSIWC spokesperson Emmanuel Njoku stated that after a series of training and meetings in preparation for nationwide monitoring of the act, they decided to review the national minimum wage.
“The exercise will enlighten the public and private employers and organisations on the economic benefits of adhering to the payment of the national minimum wage.
“It will also help in obtaining baseline data on remuneration policies and practices of private sector organisations to enrich the commission’s data bank on staff compensation.
“The monitoring exercise will cover the 36 states of the federation including the federal capital territory.”