After months of speculation, debates and strikes, the Nigerian Governor’s Forum have finally agreed on N22,500 as the new minimum wage.
The minimum wage used to be N18,000 and due to inflation and the rising cost of survival in the nation, there had been a concerted push to increase the money.
Zamfara State Governor, Abdul’Aziz Yari who is the chairman of the forum released a statement announcing the new minimum wage.
Read the statement below
Following a meeting of the Nigeria Governors’ Forum where we deliberated on the National Minimum Wage after a briefing from our representatives at the Tripartite Committee, we submit as follows:
The welfare of all Nigerians is our ultimate concern. In all our States, we are concerned about the deteriorating economic situation experienced by the vulnerable segment of our population.
In agreeing to a National Minimum Wage, however, the Forum is even more concerned about development, particularly in the health, education and infrastructure spheres.
It is, therefore, our considered position that since the percentage of salaried workers is not more than five per cent of the total working population, our position must not just reflect a figure, but also a sustainable strategy based on ability and capacity to pay, as well as reflective of all our developmental needs in each State.
Afterall, Section 3 of the National Salaries Income and Wages Commission Act provides that “the Commission shall recommend a proposition of income growth which should be initiated for wage increase and also examined the salary structure in public and private sector with reasonable features of relativity and maximum levels which are in consonance with the national economy.”
It is in this sense that we feel strongly that our acceptable minimum wage must be done in such a way that total personnel cost does not exceed 50 per cent of the revenue available to each State.
Governors, therefore, agreed to pay a national minimum wage of N22,500