Inflation: Federal Govt To Increase Minimum Wage
Chris Ngige revealed that the increment in the minimum wage was necessary due to the current global inflation that has impacted negatively on citizens’ purchasing power.
The Federal Government, on Monday, September 19, 2022, said it was planning to increase the minimum wage of workers from the current N30,000 to conform with the current reality.
This was disclosed by the Minister of Labour and Employment, Chris Ngige, in Abuja, while addressing members of the Nigeria Labour Congress, NLC at a public presentation of a publication titled, “Contemporary History of Working Class Struggles.”
According to the minister, the increment in the minimum wage was necessary due to the current global inflation that has impacted negatively on citizens’ purchasing power.
He expressed delight that the 2019 Minimum Wage Act included a new clause for a review which would make it easier for the government.
He said the President Muhammadu Buhari-led government had commenced the wage adjustment with members of the Academic Staff Union of Universities, ASUU.
Ngige said, “The inflation is worldwide, we shall adjust the minimum wage in conformity with what is happening and much more important, the 2019 Minimum Wage Act has a new clause for a review.
“That adjustment has started with the Academic Staff Union of Universities (ASUU), because the stage they are, with their primary employers, the Ministry of Education, is a Collective Bargaining Agreement, CBA, negotiations”.