Nigeria increases minimum wage to USD98

Nigeria’s federal government has just approved an increment in the national minimum wage to N30,000 approximately USD98 based on the current exchange rate.

The new minimum wage was agreed at after series of negotiations and threats of strike actions by the labour union. The latest development is also very significant due to the fact that the new wage scale would affect both private and public employers.

Nigeria runs a federal system of government with three tiers, the federal, state and local government.

Nigerian Labour Congress (NLC) General Secretary Peter Ozo-Eson told Reuters that a committee set up with the government was recommending 30,000 naira ($98) as the new monthly minimum wage, up from 18,000 naira.

He said the proposal, negotiated by senior government officials including Labour Minister Chris Ngige, would be recommended to President Muhammadu Buhari on Tuesday and the strike had been suspended.

“We all need to stand ready in a state of full mobilization in case future action becomes necessary to push for the timely enactment and implementation of the new minimum wage,” Ozo-Eson said.

Nigeria runs a federal system of government with three tiers, the federal, state and local government.