The computation of the new minimum wage for junior federal workers have been completed by the National Salaries, Incomes, and Wages Commission (NSIWC). That of workers in the senior cadre will be ready in the next two or three weeks. A Presidency source, who made these known to The Nation yesterday, said both data would be collectively forwarded to the Office of the Accountant General of the Federation (OAGF) for further processing and Implementation….KINDLY READ THE FULL STORY HERE▶...CLICK HERE TO CONTINUE READING.>>
The source added that the NSIWC is waiting for the conclusion of negotiations between the Nigeria Labour Congress (NLC) and Trade Union Congress(TUC) on one side and the federal government on the other to ensure that workers’ remuneration were proportionately aligned with the new minimum wage, known as consequential adjustment.
Thank you for reading this post, don't forget to subscribe!Junior workers are those on grade levels one to five while senior staff members are those on six and above. Depending on the organisation.
With the new wage adjustments, this figure is expected to rise significantly, underscoring the importance of precise calculations by the OAGF.
Akelicious noted that President Bola Tinubu’s administration has been proactive in addressing wage-related concerns, particularly in light of the rising cost of living and economic challenges facing workers.
Following a crucial meeting with NLC and TUC leaderships on July 15, President Tinubu approved the increase in the national minimum wage.
This decision was later codified through the passage of a new minimum wage bill by the National Assembly, which the President signed . The new legislation also mandates a review of the national minimum wage every three years, ensuring that wage adjustments keep pace with inflation and economic realities…..For More READ THE FULL ARTICLE HERE ▶▶
