BREAKING: FG To Backdate New Minimum Wage Payment

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The committee responsible for adjusting the salaries of civil servants has reached an agreement to implement the new minimum wage starting from July 29, 2024.

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This was confirmed in a Memorandum of Understanding (MoU) obtained after the committee’s meeting in Abuja.

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According to the MoU: “The NSIWC will generate the appropriate salary templates for other consolidated salary structures for implementation; the effective date of the implementation shall be July 29, 2024.”

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The committee, made up of 16 members, was set up by the Federal Government following the National Minimum Wage Act 2024, which increased the national minimum wage from N30,000 to N70,000.

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Their responsibilities include negotiating salary adjustments and developing a template for the rollout of the new wage structure.

More details to follow….

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