Nigeria Begins Review of Minimum Wage

Nigeria Begins Review of Minimum Wage

The National Salaries Incomes and Wages Commission (NSIWC) says it has initiated a process for the review of the National Minimum Wage. The commission’s Head of Public Affairs, Mr Emmanuel Njoku, said this in a statement on Sunday in Abuja.

Last week, Ghana said the government has raised public servant salaries by 30%. Some other African countries have also tolled similar lines amidst rising headline inflation.

Njoku said as part of the process to review the minimum wage, which would be due in 2024, the commission had held a series of meetings and training towards nationwide monitoring of the Minimum Wage Act 2019.

He said the monitoring billed to begin on Jan. 23, would help ascertain the compliance level of public and private employers and organisations.

According to him, the monitoring team will among other things inquire if employers keep adequate records of wages and conditions of service of employees.

“The exercise will enlighten the public and private employers and organisations on the economic benefits of adhering to the payment of the National Minimum Wage.

“It will also help in obtaining baseline data on remuneration policies and practices of private sector organisations in order to enrich the commission’s data bank on staff compensation.

“The monitoring exercise will cover the 36 states of the federation including the Federal Capital Territory (FCT),” he said.

Njoku said the monitoring team for the exercise would be drawn from key stakeholders including the Ministry of Labour and Employment, and the Ministry of Finance and National Planning.

Other stakeholders, according to him, are the Head of Service of the Federation, the Office of the Accountant-General of the Federation, the Budget Office of the Federation and the National Bureau of Statistics.

The spokesperson called on federal, state and local government ministries, departments and agencies, including government-owned enterprises, private sector establishments and labour unions to cooperate with the monitoring officers. #Nigeria Begins Review of Minimum Wage

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