The newly approved ₦70,000 minimum wage positively responds to the urgent demands of solving hyper inflation and escalating living costs, with unique effects for workers, citizens and the economy Last week’s passage of the new minimum wage bill by the national assembly marks a significant milestone in the ongoing struggle for fair wages in the country. Nigerian workers would earn a base minimum of ₦70,000 once the president assents to the bill. But the struggle...
The federal government has reached an agreement with the labour unions to pay N70,000 as the new minimum wage for Nigerian workers The Federal Government has finally reached a consensus with the leaders of organised labour on the new minimum wage. The wage was pegged at N70,000 after much deliberation and months of recurring warning strikes. How it all began… The current minimum wage of N30,000 wage has been in existence since 2019 and there...
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