MINIMUM WAGE IMPLEMENTATION BACKDATED TO JULY 29

MINIMUM WAGE IMPLEMENTATION BACKDATED TO JULY 29

The Committee on Consequential Adjustments in Salaries for civil servants has agreed that the new minimum wage will be implemented from July 29, 2024.

This was stated in a Memorandum of Understanding issued at the end of the committee’s meeting, which was seen by our correspondent in Abuja on Friday.

The MoU reads: “The NSIWC will generate the appropriate salary templates for other consolidated salary structures for implementation; the effective date of the implementation shall be July 29, 2024.”

The committee was established to implement the provisions of the National Minimum Wage Act 2024, which raised the national minimum wage from ₦30,000 to ₦70,000.

The committee consists of 16 members.

Its terms of reference include negotiating and agreeing on consequential adjustments in salaries and developing a template for the implementation of the approved minimum wage.