The Federal Government of Nigeria has disclosed that the N30,000.00 (thirty thousand Naira) being paid as minimum wage to workers in the country would expire at the end of March 2024.
TheNewsGuru.com (TNG) reports Minister of Information and National Orientation, Idris Mohammed, who disclosed this in an interview on Thursday, said a new minimum wage regime would come into effect on April 1, 2024.
The minimum wage in Nigeria averaged N28,000.00 monthly from 2018 until 2023, reaching an all-time high of N30,000.00 monthly in 2019 and a record low of N18,000.00 monthly in 2018.
“Certainly, there is a new wage regime that will come in on April 1, 2024,” Mohammed said, adding: “That is why these palliatives were targeted so they would cushion economic hardship before then”.
Speaking further, the Information Minister said: “In our negotiation with Labour, we said that the wage issue was not something one could just fix.
“A committee that will also involve Labour itself will work on it. The committee is being constituted and we are talking to Labour about it.
“And by the time this current wage regime expires by the end of March, we will expect that a new wage will begin by April.
“It is in this wage regime that we will now have a proper salary structure for workers across the length and breadth of Nigeria.
“We expect that the private sector and state governors will also do the same.”