Hope for New Wage Floor? Government Establishes Minimum Wage Review Panel



The Federal Government will inaugurate the Minimum Wage Committee on January 30.

The committee is to recommend a new national minimum wage for the country.

After President Bola Tinubu removed the fuel subsidy on May 29, 2023, the Federal Government decided to provide N35,000 to each of its employees as a measure to alleviate the impact of the subsidy removal.

However, organised labour maintained that the N35,000 was a provisional solution, emphasizing the need for a review of the minimum wage in 2024.

Besides, the current N30,000 minimum wage would expire at the end of March 2024.

The organised labour had at different times in January 2024 expressed concerns over the FG’s failure to inaugurate the new national minimum wage committee.

However, in a statement on Sunday, the Director of Information, Office of the Secretary to the Government of the Federation, Segun Imohiosen, noted that a former Head of the Civil Service of the Federation, Bukar Aji, will lead the 37-member committee.

He noted that membership of the committee cut across state government, the private sector, and organised labour.

Other members are Nkeiruka Onyejeocha, Minister of State, Labour and Employment, representing Minister of Labour and Employment; Mr. Wale Edun, Minister of Finance and Coordinating Minister of the Economy; Alhaji Atiku Bagudu, Minister of Budget Economic Planning; Dr. Yemi Esan, Head of the Civil Service of the Federation; Dr. Nnamdi Maurice Mbaeri, Permanent Secretary, GSO. OSGF and Ekpo Nta, Esq, Chairman/CEO, NSIWC – Member/Secretary.

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