Categories: Economy

FG, Labour Finally Agree On N30,000 Minimum Wage Implementation

In what appears to be a relief to both the government and organised labour, both parties have come to an agreement at last on the issue of the implementation of the new minimum wage, a battle which has been raging for quite a while now.

The discussion for the new minimum wage began in the second half of Buhari’s first tenure and spilled into his second term as the implementation had been a bone of contention between the two parties.

At the metting on Thursday, the third of such this week, both sides finally agreed on the percentage increase for grade levels seven to 17.

The agreed terms are as follows:

COMESS wage structure

Grade level seven= 23 percent, level 8=20 percent, level 9=19 percent, level 10 -14 = 16 percent, level 15-17=14 percent.

CONHES, CONRRISE, CONTISS, etc

Level 7= 22.2 percent

Level 8-14 = 16 percent

Level 15-17 = 10.5 percent

The meeting also increased the salaries of military and paramilitary officers, but the percentages were kept confidential.

Announcing the agreement, the Minister of Labour for State, Festus Keyamo made the announcement via his twitter account saying, ‘After some delicate negotiations (with both Ministers as conciliators) Government & Labour have finally reached an agreement on the consequential adjustments of other wages following the implementation of the enhanced minimum wage of N30,000. We are now working on the communique’

 

 

 

Author

Editor

Recent Posts

The Silent Governance Crisis in AI

By: Wale Ameen   Wale Ameen is a two-time founder whose work sits at the…

4 months ago

LemFi Launches Artificial Intelligence (AI)-Powered “Send Now, Pay Later” Service, Combining Credit and Remittances for United Kingdom (UK) Immigrants

  LemFi, the leading AI-powered international payments platform dedicated to building financial products and services…

8 months ago

KFC’s secret recipe is out – the one the world really needs

  KFC Africa’s big secret is out, and no, it’s not the blend of 11…

8 months ago

Network International and Magnati merge to create the leading fintech across the Middle East & Africa

  Network International, a leading fintech company across the Middle East and Africa (MEA), and…

8 months ago

Cash-Strapped but Committed: The UN’s Battle to Keep Human Rights on the Global Agenda

In this exclusive interview, Aua Balde, member and former chair of the WGEID, spoke with…

9 months ago

Kaspersky: ChatGPT-mimicking cyberthreats surge 115% in early 2025, Small and Medium-Sized Businesses (SMBs) increasingly targeted

  In 2025, nearly 8,500 users from small and medium-sized businesses (SMBs) globally faced cyberattacks…

11 months ago