The Federal Government has announced that a new minimum wage regime would come into effect on April 1, 2024.
The Minister of Information and National Orientation, Idris Mohammed made the announcement in an interview he granted Punchng where he said the current N30,000 minimum wage would expire at the end of March 2024.
“Certainly, there is a new wage regime that will come in on April 1, 2024. That is why these palliatives were targeted so they would cushion economic hardship before then. 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,” Mohammed told the publication.
Recall that President Bola Tinubu forwarded the 2024 budget to the National Assembly earlier in the week with federal government workers’ salaries taking a substantial portion.
So also, following the removal of the fuel subsidy by Tinubu on May 29, 2023, the Federal Government agreed to pay N35,000 to each of its workers to cushion the effect of the subsidy removal.
