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    MarketForces Africa » Uncategorized » Ogun Workers to Receive N77, 000 as Minimum Wage –Official

    Ogun Workers to Receive N77, 000 as Minimum Wage –Official

    Julius AlagbeBy Julius AlagbeOctober 15, 2024Updated:October 15, 2024 Uncategorized No Comments2 Mins Read
    Ogun Workers to Receive N77, 000 as Minimum Wage –Official
    Dapo Abiodun, Gov
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    Ogun Workers to Receive N77, 000 as Minimum Wage –Official

    Gov. Dapo Abiodun of Ogun has approved N77, 000 as the minimum wage for the lowest worker in the state, with the payment taking immediate effect. This was disclosed in a statement by the Chief Press Secretary to the Governor, Lekan Adeniran, on Monday in Abeokuta.

    According to the statement, the decision was revealed after a meeting of the state government led by the Secretary to the State Government (SSG), Mr Tokunbo Talabi, and the leadership of the organised labour in the state.

    The organised labour at the meeting comprised of the Nigeria Labour Congress (NLC), Trade Union Congress (TUC), and the Joint Negotiating Council (JNC).

    Talabi said that the meeting was at the instance of the governor, who he said had directed that no worker in the state should earn less than N77,000, starting from October.

    The SSG stated that the governor meant well for the people of the state and had proactively taken steps to further ameliorate the suffering of the people.

    He added that the governor had also advised the organised private sector to take a cue from the policy, as their workers were not exempted from the economic realities in the country.

    The SSG noted that the governor had therefore advised that the private sector should dialogue with their relevant stakeholders to arrive at a commensurate minimum wage for the sector.

    “The governor promised to set up a monitoring team to see how it is implemented by the private sector to ensure no one is shortchanged,” he said. On his part, the state NLC Chairman, Hameed Benco, said the organised labour in the state was pleased with the governor having approved the N77,000 in consultation with union leaders.

    Benco stated that the minimum wage remained the highest in the country today, adding that the other sectoral salaries would be affected accordingly. He also mentioned that the government had graciously approved the submission of labour that the new basic salary should not be taxed.

    #Ogun Workers to Receive N77, 000 as Minimum Wage –Official Interbank Rates Dip as Inflows from FGN Coupon Boosts Liquidity

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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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