FG Reveals When It Will Start Paying N70k Minimum Wage

 

The Nigerian Government has revealed it will start paying the new minimum wage of N70,000 from July 2024.

 

This is according to the National Salaries, Incomes and Wages Commission (NSIWC).

 

NSIWC Chairman, Ekpo Nta, disclosed this during a press briefing on Tuesday in Abuja.

 

The commission explained that this was because the date in question was when the President approved the bill after the National Assembly passed it.

 

The development is contrary to an earlier statement by the Minister of State for Labour, Nkiruka Onyejeocha, that the payment would commence on May 1, 2024.

 

It also means that the government would only pay an arrears of two months only if it begins payment by the end of October.

 

This was as it announced the approval of the revision of the Consolidated Public Service Salary Structure and other salary structures.

 

Last week, the Committee on Consequential Adjustments in Salaries for civil servants met on Friday as regards the new minimum wage template and agreed that the effective date for implementation of the new minimum wage be set at July 29, 2024.

 

The committee also recommended that the wage award which was discontinued by the government should also be paid up till July 28, 2024.

 

The committee headed by the Head of Civil Service of the Federation, Didi Walson-Jack, noted that the government took note of the economic situation in the country before it took its decisions.