The federal government has successfully concluded salary adjustment negotiations with Labour regarding the new minimum wage. Discover the key outcomes of the discussions.
The National Minimum Wage Act of 2024 prompted the federal government to form the committee on consequential wage adjustments, which has effectively completed its mandate.
To formally implement the changes, both parties signed a Memorandum of Understanding (MOU).
The 16-member committee was given the responsibility of putting President Bola Tinubu’s newly agreed minimum wage of ₦70,000 into effect when it was inaugurated on a recent Friday.
On behalf of the President, the committee was led by Mrs. Didi Walson-Jack, Head of the Civil Service of the Federation (HCSF).
Read Also: Private Employers Paying Below N70,000 Minimum Wage Face Jail Time, Warns FG
President Tinubu authorized the rise in the federal minimum salary for federal workers from ₦30,000 to ₦70,000 on July 18.
After the MOU was signed over the weekend in Abuja, Mrs. Walson-Jack gave the committee members credit for their hard work and cooperation.
“Consequential Adjustments in Salaries arising from the new minimum wage of ₦70,000 have been agreed upon by both the government and the trade union,” she said, according to a release issued by Mrs. Eno Olotu, Head of Information and Public Relations at OHCSF.
This negotiation process was one of the smoothest and fastest in recent memory, according to Mrs. Walson-Jack. The MOU will be signed and sent to the federal government for processing.
The trade union’s National Chairman of the Joint Negotiating Council, Comrade Benjamin Anthony, praised the HCSF for her leadership throughout the process and expressed his satisfaction with the committee’s work.
