FG To Announce New Minimum Wage On This Month | Check Post for More Details

The Federal Government is set to reveal the new minimum wage later this month. President Bola Tinubu is expected to make the announcement on May 1, aligning with International Labour Day. Reports suggest that the implementation will be retroactive to April.

Negotiations regarding the new wage are ongoing, with the National Minimum Wage Committee working diligently to finalize discussions before the announcement. Various stakeholders, including labor unions and government representatives, are involved in the negotiation process. CONTINUE READING.....

Despite the looming deadline, challenges remain in reaching a consensus on the acceptable minimum wage. The complexity of negotiations requires thorough consideration of diverse viewpoints and economic feasibility. 

While the official announcement is awaited, insights from a presidential aide indicate that the announcement may not necessarily wait until May 1. Legal timelines may prompt an earlier announcement if negotiations conclude beforehand.

The forthcoming decision carries significant implications for workers, employers, and the broader socio-economic landscape. Stay tuned for updates on this developing situation.