The Federal Government of Nigeria has mandated a new minimum wage of N70,000, emphasizing that any agency, whether governmental or private, must adhere to this directive. This policy aims to address current economic conditions, ensuring no Nigerian worker earns below this threshold.
Permanent Secretary of the Federal Ministry of Labour and Employment, Alhaji Ismaila Abubakar, highlighted this directive during the 13th Annual General Meeting of the Employers Association for Private Employment Agencies of Nigeria (EAPEAN) in Lagos. Represented by the Director of Employment and Wages, John Nyamali, Abubakar noted that failing to comply with the minimum wage law constitutes a punishable offense, including possible imprisonment for non-compliant employers. Abubakar insisted that private employment agencies must incorporate this wage standard into their contracts, ensuring workers earn no less than N70,000 post-deductions.
In response, Dr. Olufemi Ogunlowo, President of EAPEAN, expressed the association’s commitment to the minimum wage law. However, he urged the government and the Nigeria Labour Congress (NLC) to clarify ambiguities surrounding whether the N70,000 figure is a net or gross amount. Ogunlowo stressed the importance of resolving these ambiguities for effective implementation.
Adding her voice, Funmilayo Sessi, Chairperson of the NLC Lagos State Council, remarked on the inadequacy of N70,000 given the current economic hardships(Low-Paying Employers). She urged private employers to expedite the adoption of the new minimum wage following the consequential adjustments.
Overall, the Federal Government and key stakeholders are unified in their commitment to enforcing the N70,000 minimum wage(Low-Paying Employers) , addressing both current ambiguities and economic challenges to ensure fair compensation for every Nigerian worker.
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