The Nigerian government has announced a change in the minimum wage review timeline from every five years to every two years.
Minister of State for Labour and Employment, Nkeiruka Onyejeocha, made this announcement in Abia State on Thursday. This adjustment aligns with President Bola Tinubu’s commitment to Nigerian workers, as he promised to review the minimum wage every three years.
“We are not going to allow minimum wage review to be forever.
“It used to be about five years, but now, in three years’ time, which is less than two years, we will also review the minimum wage,” Onyejeocha said.
The Trade Union Congress has recently advocated for an annual review of the minimum wage to keep up with economic realities, such as the increasing inflation rate. Last year, Tinubu approved a N70,000 minimum wage with a three-year review promise.
However, rising inflation in Nigeria, reaching 34.60 percent in November 2024, has impacted the planned minimum wage increase.
