Home News Gov. Obaseki Approves ₦70k Minimum Wage for Edo State Civil Servants 
News

Gov. Obaseki Approves ₦70k Minimum Wage for Edo State Civil Servants 

402
Obaseki Revised 2024 Budget

Governor Godwin Obaseki of Edo State has announced a significant increase in the minimum wage for state workers.

Speaking during the commissioning of the newly built ultra-modern labour house secretariat complex for Labour Unions in the state at Temboga Road, Ikpoba-Hill, Benin City, Obaseki revealed that the approved minimum wage would be set at ₦70,000, effective May 1st, 2024.

This decision comes at a critical juncture as the Nigeria Labour Congress (NLC) continues to discuss a nationwide adjustment to the minimum wage with the federal government.

The NLC and the Trade Union Congress (TUC) have advocated a substantial increase to match the country’s soaring inflation rates.

Recent data released by the National Bureau of Statistics (NBS) painted a concerning picture of the economic landscape, with inflation rates reaching alarming levels.

In March 2024, the inflation rate surged to 33.2 per cent, up from 31.7 per cent in February. Additionally, food inflation rose to 31.7 per cent in March, further exacerbating ordinary citizens’ financial challenges.

The labour unions’ demand for a new minimum wage of ₦615,000 shows the urgency of addressing the economic hardships experienced by workers nationwide.

President Bola Tinubu, through Vice President Kashim Shettima, initiated a 37-member panel to recommend a new national minimum wage.

This panel, comprising representatives from federal and state governments, the private sector, and organised labour, convened at the Council Chamber of the State House in Abuja.

During the inaugural meeting, Vice President Shettima emphasised the need for swift action, urging members to expedite the resolution process.

The urgency stemmed from the impending expiration of the current ₦30,000 minimum wage at the end of March 2024.

Read: African Leaders Call For Record World Bank Support for Climate Action

About The Author

Related Articles

News

Burkina Faso Passes Bill to Ease Prison Overcrowding Through Community Service

The Transitional Legislative Assembly in Burkina Faso passed a bill on Friday...

Canada has announced scrapping the 10-year multiple-entry visa accorded to Nigerians and other foreign nationals, in a bid to cut its increasing immigration population post-COVID-19.
NewsTravel

Canada Scraps Automatic 10-Year Multiple-Entry Visa For Nigerians, Other Foreign Nationals

Canada has announced scrapping the 10-year multiple-entry visa accorded to Nigerians and...

Burkina Faso Officials Embezzling
FinanceNews

Burkina Faso Authorities Arrest 2 Officials for Embezzling Billions in Humanitarian and Agricultural Funds

Two public officials accused of embezzling several billion CFA francs have been...

President Bassirou Diomaye FAYE
NewsSecurity

Senegal To Launch Military Vehicle Assembly Plant To Boost Security

The President of Senegal, Bassirou Diomaye Faye, has announced that Senegal will...