Connect with us

Politics

Breaking: Federal Government Announces Commencement Of New Minimum Wage In April-Allocates N24 Trillion For Salaries

Published

3 years ago

on

The Federal Government announced on Thursday that a new minimum wage structure would be implemented starting April 1, 2024. The current minimum wage of N30,000 is set to expire at the end of March 2024, as revealed by the Minister of Information and National Orientation, Idris Mohammed, during an interview with Nivo News in Abuja….CONTINUE READING....KINDLY READ THE FULL STORY HERE▶

 

 

 

The decision to revise the minimum wage comes after the removal of the fuel subsidy by President Bola Tinubu on May 29, 2023, which led to an interim measure of paying N35,000 to government workers to mitigate the impact of the subsidy removal. However, organized labor emphasized that the N35,000 wage was temporary and advocated for a comprehensive review in 2024.

Negotiations between the Federal Government’s team and the Joint National Public Service Negotiating Council commenced on October 18, 2019, resulting in the agreement to implement the N30,000 minimum wage. Labor unions have now confirmed ongoing negotiations with the government, asserting that, in accordance with labor law, the minimum wage should be reviewed every five years.

The Nigeria Labour Congress National President, Joe Ajaero, emphasized the scheduled review in 2024, stating, “It is open knowledge that the review of the national minimum wage is a matter of the law which is expected to happen in 2024.”

The Minister of Information and National Orientation, Idris Mohammed, clarified that the improved take-home pay was intended to replace the temporary measures introduced to alleviate the challenges caused by the fuel subsidy removal. He stated that a committee, including representatives from labor, would be formed to address the wage issue, and the new wage structure is anticipated to commence in April 2024.

As discussions on the new minimum wage progress, concerns have been raised about the Federal Government’s substantial spending on salaries. An analysis of the 2024–2026 Fiscal Framework budgets indicates that the government plans to allocate N24.66tn for salaries, overheads, and pensions, representing 29.18% of the total budgets for the three years.

With anticipated salary increases from 2024 amid economic challenges, personnel costs are expected to rise by 8.51% in 2024, followed by increases in 2025 and 2026. Critics argue that this trend may limit investments in infrastructure, leading to calls for agency mergers and restructuring to address the perceived over-bloated civil service.

The Federal Government, recognizing the fiscal challenges, is projected to have a budget deficit of N9.18tn in 2024, with the deficit attributed to salary reviews, increased pension obligations, and higher debt service costs. The deficit is expected to represent 50% of total Federal Government revenues, exceeding the three percent threshold stipulated in the Fiscal Responsibility Act (FRA) of 2007.

The rising personnel costs have raised concerns about their impact on capital expenditure and infrastructure development. President Bola Tinubu has indicated the government’s intention to leverage public-private partnerships to finance critical infrastructure and invited the private sector to collaborate in achieving national development goals.

In response to the proposed budget, the House of Representatives condemned what they perceived as an over-bloated personnel cost in the 2024 budget. They urged the Independent Corrupt Practices and Other Related Offences Commission to summon ministries, departments, and agencies for audits to address the alleged excessive personnel costs.

As the debate on the 2024 budget continues, lawmakers stress the need for diligent scrutiny to ensure the budget’s implementation positively impacts the lives of Nigerians. In the upper legislative chamber, the Senate President, Godswill Akpabio, announced plans to pass the appropriation bill for a second reading, acknowledging concerns about the budget’s emphasis on recurrent expenditure and the need for careful consideration to avoid adverse effects on the economy.

Related Topics:
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

latest

Security Breach Scandal! Peter Obi Accused Of Orchestrating Identity Fraud At International Airport!.

Published

4 hours ago

on

July 17, 2026

By

A petition dated July 12, 2026, has been submitted to Aviation Minister Festus Keyamo, the Nigerian Civil Aviation Authority (NCAA), and the Economic and Financial Crimes Commission (EFCC) regarding serious security allegations. An anonymous individual, identifying as an aviation industry worker, is calling for a formal investigation into claims that Peter Obi, the presidential candidate for the Nigeria Democratic Congress (NDC), facilitated travel for a media aide using multiple identities.....KINDLY READ THE FULL STORY HERE▶

  • Circumventing Restrictions: The petitioner claims that Obi’s media aide was previously barred from flying with Air Peace due to alleged misconduct but continued to travel on the airline using different names.

  • Obi’s Alleged Involvement: The petition alleges that Obi repeatedly made arrangements to help the aide evade these airline restrictions and often accompanied her on these flights.

  • Interference with Security: It is further alleged that when traveling with this aide, Obi prevented airport staff from performing necessary identity verification procedures.

  • Evidence Cited: The petitioner claims to have attached evidence of flight tickets and Passenger Name Records (PNR) to the document to support these claims.

  • Safety Concerns: The document argues that these actions compromise aviation security and undermine the ability of airlines to enforce safety and identification protocols.

As of the report’s filing, these allegations remain unverified, and Peter Obi has not issued a public response.

Continue Reading

latest

From Rivals To Rescue? Keyamo Stuns Public With Offer To Settle Peter Obi’s Airport Debt!.

Published

4 hours ago

on

July 17, 2026

By

Aviation Minister Festus Keyamo has agreed to a proposal by Mr. Nnaemeka Ikerionwu to pay the ₦25,000 airport parking fine issued to Peter Obi, the presidential candidate for the Nigerian Democratic Congress (NDC).....KINDLY READ THE FULL STORY HERE▶

  • Origin of the Fine: The fine was imposed after Peter Obi allegedly violated parking regulations at the Nnamdi Azikiwe International Airport in Abuja.

  • Context of the Dispute: Keyamo previously issued a seven-day ultimatum for Obi to pay the fine and publicly apologize to airport staff following claims Obi made in a podcast interview that he was being targeted and harassed at the airport.

  • Evidence Provided: To address Obi’s allegations of unfair treatment, Keyamo released CCTV footage showing the moment the parking violation occurred.

  • Resolution and Reaction:

    • Following an offer to pay the fine by Ikerionwu, Keyamo instructed him to contact the Director of Commercial and Business Development at the Federal Airports Authority of Nigeria (FAAN) to arrange payment.

    • Despite accepting the payment, Keyamo still expects an apology from Obi to the airport officials.

    • Keyamo stated that the ministry successfully refuted Obi’s claims and warned the candidate to avoid making “outlandish” statements in the future intended to secure “sympathy votes”.

Continue Reading

latest

Nationwide Renaming Spree! Major Landmarks Across Nigeria Now Bear President Tinubu’s Name!.

Published

4 hours ago

on

July 17, 2026

By

The Federal Government has officially renamed the 750-kilometre Lagos-Calabar Coastal Highway as the President Bola Ahmed Tinubu Coastal Highway. Minister of Works David Umahi explained that this decision honors the President, noting that the project’s original vision began nearly 30 years ago during Tinubu’s time as the Governor of Lagos State.....KINDLY READ THE FULL STORY HERE▶

This recent renaming, announced on July 16, 2026, joins a significant and growing list of public assets and institutions that have been named or established in President Tinubu’s honor since he took office in May 2023.

Public Assets Named After President Tinubu

  • Bola Ahmed Tinubu International Airport, Minna: In March 2024, the airport—formerly the Abubakar Imam International Airport—was renamed by Governor Umar Bago to acknowledge the President’s support for Niger State.

  • Bola Ahmed Tinubu Way, Abuja: Following its reconstruction in May 2024, the Abuja Southern Parkway, which connects the Christian Centre to Ring Road One, was renamed by FCT Minister Nyesom Wike.

  • Bola Tinubu Building (National Assembly Library): Inaugurated by the President in May 2024, this newly completed library was named in his honor by the National Assembly.

  • Bola Ahmed Tinubu Technology Innovation Complex (BATTIC): Formerly the Nigeria Immigration Service command and control centre, this facility was renamed in December 2024 to serve as a hub for border security and technological innovation.

  • Bola Ahmed Tinubu Polytechnic, Gwarinpa: Established in January 2025 by the Federal Government, this institution focuses on entrepreneurial, vocational, and technical education.

  • Bola Ahmed Tinubu Barracks, Asokoro: Named by the Nigerian Army in January 2025, this new military facility features operational infrastructure, residential quarters, and sporting amenities.

  • Tinubu International Conference Centre (ICC), Abuja: Following comprehensive renovations, the Abuja International Conference Centre was renamed in June 2025 by the FCT Administration.

With the inclusion of the Lagos-Calabar Coastal Highway, at least eight major public facilities or infrastructure projects have been renamed or established to bear the President’s name during his administration.

Continue Reading

Trending