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    MarketForces Africa » MarketForces News » Makinde Approves N80,000 Minimum Wage for Oyo Workers

    Makinde Approves N80,000 Minimum Wage for Oyo Workers

    Olu AnisereBy Olu AnisereNovember 6, 2024Updated:November 7, 2024 News No Comments2 Mins Read
    Makinde Approves N80,000 Minimum Wage for Oyo Workers
    Seyi Makinde, Gov, Oyo State
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    Makinde Approves N80,000 Minimum Wage for Oyo Workers

    Gov. Seyi Makinde of Oyo State has approved a minimum wage of N80,000 for those in the state workforce, an official said on Wednesday in Ibadan.

    The state’s Commissioner for Information and Civic Orientation, Prince Dotun Oyelade, disclosed in a statement that the technical committee set up by the state government recommended N80,000 as minimum wage.

    “The recommendation of the committee got approval from the governor for the implementation of the new salary scale.

    “This new scale will be implemented as soon as the consequential adjustments process is completed by the committee which comprises of government and top labour officials,” he stated.

    The Commissioner further said an agency of the Federal Government —- National Bureau of Statistics (NBS) —- recently in its 2024 employment statistics rated Oyo state well.

    “The state was rated as the most worker-friendly state in the whole of South-West.

    “This NBS rating was as a result of the significant decline in Oyo state unemployment rate following a series of high-pitched employment of workers into various sectors of the state,” he said.

    Oyelade also said workers in the state have always received their salaries on the 25th of every month since Makinde came into office in 2019.

    He added that the Makinde administration had paid the backlog of gratuities from 2008 to 2015 for pensioners with an increase in gratuity payment. #Makinde Approves N80,000 Minimum Wage for Oyo WorkersFX Stability: CBN Sells 122.671m Dollars to 46 Authorised Dealers

    Nigeria Oyo salary Seyi Makinde
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    Olu Anisere
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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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