The Federal government on Friday announced that the payment of the N70,000 new minimum wage would be backdated to July 29, 2024.
News About Nigeria reports that the announcement was made by the Committee on Consequential Adjustments in Salaries for civil servants.
The Committee had agreed that the new minimum wage will be implemented from 29 July 2024.
The announcement was made in a Memorandum of Understanding issued at the end of the committee’s meeting which was held in Abuja on Friday.
The committee, headed by the Head of Civil Service of the Federation, Didi Walson-Jack, noted that the government considered the economic situation in the country before making its decisions.
The MoU read, “The committee held four meetings and considered all presentations from the Federal Government and Trade Union sides. It also took into account the economic situation and the ability of the Federal Government to pay and sustain any consequential adjustment in salaries arising from the implementation of the National Minimum Wage (Amendment) Act, 2024, as well as the effects on other employers. The NSIWC will generate the appropriate salary templates for other consolidated salary structures for implementation; that the effective date of the implementation should be 29 July 2024.
“That the payment of the wage award issued via NS/WC Circular SWC.04/T/33 dated 19 October 2023 should continue to be paid until 27 July 2024. The Federal Government should take appropriate measures to alleviate the plight of Federal workers as a result of the recent increase in PMS, including consideration of tax waivers and other incentives. The NSIWC, in collaboration with other stakeholders, should commence monitoring of the implementation in line with the provisions of the Act.”
