Tag "minimum wage"

    Gombe suspends payment of N30,000 minimum wage over coronavirus 

Gombe suspends payment of N30,000 minimum wage over coronavirus 

Gombe state government says it suspended the payment of N30,000 minimum wage and reverted to the previous wage scale of N18,000 owing to the economic impact of the outbreak of coronavirus in the country.  This was disclosed by Manassah Jatau, deputy governor of the state and chairman of the standing committee on implementation of the new N30,000 minimum wage. While addressing journalists [...]

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    Uzodinma approves implementation of N30k minimim wage

Uzodinma approves implementation of N30k minimim wage

Hope Uzodinma, governor of Imo state, has approved the implementation of N30,000 minimum wage for workers in the state. The Nigeria Labour Congress (NLC) had led the campaign for an upward review of minimum wage from N18,000 to N30,000. In April, President Muhammadu Buhari signed the national minimum wage bill into law after it was passed by the senate. In a statement on [...]

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    Pay new minimum wage or get impeached, NLC tells governors

Pay new minimum wage or get impeached, NLC tells governors

Organised labour has asked state house of assemblies to impeach governors who fail to pay the new minimum wage. Emmanuel Ugboaja, general-secretary of the Nigeria Labour Congress (NLC), made the appeal while speaking to journalists on Sunday in Lagos. In April, President Muhammadu Buhari approved N30,000 as the minimum wage. After a series of meetings between the federal government and labour leaders, there [...]

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    NYSC members will enjoy new minimum wage, says minister

NYSC members will enjoy new minimum wage, says minister

Sunday Dare, minister of youths and sports, says members of the National Youth Service Corps (NYSC) will enjoy the new minimum wage. Dare disclosed this via Twitter on Wednesday evening, saying Shuaibu Ibrahim, NYSC director-general, would give details of the new monthly allowance. "New Minimum Wage: NYSC members to enjoy new minimum wage/ allowee Details coming ...," he tweeted. New Minimum Wage: NYSC [...]

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    FG reaches agreement with NLC on minimum wage implementation

FG reaches agreement with NLC on minimum wage implementation

The federal government has finally reached an agreement with the Nigeria Labour Congress (NLC) on the implementation of the new minimum wage. The two parties reached the agreement on Friday morning after a series of negotiations which started on Tuesday. President Muhammadu Buhari had signed an amendment to the minimum wage law which increased the minimum pay for government workers to N30,000, [...]

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    NLC suspends strike as talks on minimum wage continue

NLC suspends strike as talks on minimum wage continue

The Nigeria Labour Congress (NLC) has shelved its planned strike to continue talks with the federal government on consequential adjustments to the new minimum wage. The negotiation, which started on Tuesday, did not result in a resolution by the parties, but concessions were made for further talks on Wednesday. The labour union is asking for a 29 percent increase for workers on [...]

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    NPA: Our pensioners get their N700m monthly entitlements before we pay regular staff

NPA: Our pensioners get their N700m monthly entitlements before we pay regular staff

The Nigerian Ports Authority (NPA) says it ensures that all its pensioners get their N700m monthly entitlements early before serving members of staff. In a statement on Wednesday, Jatto Adams, NPA's general manager of corporate and strategic communications, said the organisation is committed to the overall welfare of its former staff. He said the authority does not recognise the Nigerian Ports Authority [...]

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    The wages of waste

The wages of waste

Here we go again. Nigeria is set for a crisis over the implementation, or the non-implementation, of the new minimum wage. The federal government, empowered by the constitution to set the national minimum wage, had approved N30,000 after consultations with state governors, who meet regularly under the aegis of the National Economic Council (NEC), followed by the enactment of a [...]

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    Fayemi: Ekiti will start paying N30k minimum wage this month

Fayemi: Ekiti will start paying N30k minimum wage this month

Kayode Fayemi, governor of Ekiti, says implementation of the N30,000 minimum wage for workers will begin in the state this month. He made this known during the celebration of 2019 World Teachers' Day in Ado Ekiti, the state capital, on Saturday. The governor said the decision was made to motivate workers, reward diligence and increase the standard of the state. “We will commence [...]

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    Ngige: Labour’s minimum wage demand will lead to sack of workers

Ngige: Labour’s minimum wage demand will lead to sack of workers

Chris Ngige, minister of labour, says complying with the demand of labour unions on minimum wage will lead to the sack of many workers. He said this when the leadership of the United Labour Congress paid him a courtesy visit at his office in Abuja, on Thursday. The minister said a wage bill of N580 billion is needed to meet labour’s demand [...]

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    Strike looms as FG, labour fail to reach agreement on N30k minimum wage adjustment

Strike looms as FG, labour fail to reach agreement on N30k minimum wage adjustment

Labour unions in the country are considering another strike having failed to reach an agreement with the federal government on the consequential adjustment of the N30,000 minimum wage. In April, President Muhammadu Buhari signed the N30,000 new national minimum wage bill into law. But the policy is yet to take effect over discrepancies in the salary scales for the various tier of [...]

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    Nigeria’s VAT increase: Penny-wise, pound foolish

Nigeria’s VAT increase: Penny-wise, pound foolish

BY AYO BANKOLE AKINTUJOYE On Thursday, September 12, 2019, news broke that the Federal Executive Council (FEC) had approved plans to increase Value Added Tax (VAT) from 5% to 7.5%; representing a 50% increase. It is worthy of note that the current 5% VAT regime has been in existence for over 25 years (Since 1994). Although it is still subject to [...]

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    Oshiomhole advises NLC to be ruthless on implementation of minimum wage

Oshiomhole advises NLC to be ruthless on implementation of minimum wage

Adams Oshiomhole, national chairman of the All Progressives Congress (APC), says the Nigeria Labour Congress (NLC) has to be aggressive if it wants the new minimum wage to be implemented. Oshiomhole gave this advice on Thursday at a reception in honour of Guy Ryder, director-general of the International Labour Organisation (ILO). The federal government had approved a new national minimum wage in [...]

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    Labour delaying implementation of new minimum wage, says FG

Labour delaying implementation of new minimum wage, says FG

Winifred Oyo-Ita, head of the civil service of the federation, says the delay in the implementation of the new minimum wage is as a result of unrealistic demands by labour unions. She made this known while speaking with journalists at the opening ceremony of a retreat on 2017-2020 federal civil service strategy and implementation plan in Abuja. The event was organised by [...]

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    FG: Workers earning below N30,000 will start enjoying new minimum wage

FG: Workers earning below N30,000 will start enjoying new minimum wage

Workers earning below N30,000 will soon start enjoying the new minimum wage, according to the federal government. President Muhammadu Buhari signed the national minimum wage bill into law in April. Speaking at a news conference on Tuesday in Abuja, Richard Egbule, chairman of National Salaries, Income and Wages Commission, said federal government is totally committed to the implementation of the new minimum [...]

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    Falana to governors: You can’t pay N30k minimum wage because of chartered flights

Falana to governors: You can’t pay N30k minimum wage because of chartered flights

Femi Falana, a human rights lawyer, says the money spent on chartered air by state governors will make it hard for them to afford to pay the N30,000 minimum wage.  Falana made this known on Thursday while speaking at the opening of the triennial national delegates conference of the Trade Union Congress (TUC) in Abuja. According to him, all the state governors [...]

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Exchange Rates

March 25, 2019USDGBPEUR
INTERBANK306397354
LAGOS380478402
KANO375477498
PH380478498
ABUJA375476400
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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