Minimum Wage: FG, Labour reach agreement on percentage increase for workers.

FG, Labour reach agreement on percentage increase for workers.

The Federal Government and the organized labour on Thursday, October 17, reached an agreement on the percentage increase in workers’ salaries as a result of the new N30,000 minimum wage.

The agreement reached at the end of a delicate negotiation which lasted for 3 days includes an increase of 23.2 per cent for workers on level 7, a 20 per cent increase for workers on level 8 and a 19 per cent increase for workers on level 9. Workers on level 10- 14 will be getting a 16 per cent salary increase while workers on level 15-17 will get a 14 per cent increase.

Nigeria’s Minister of State for Labour and Employment, Festus Keyamo who confirmed that both parties have reached an agreement via a tweet, added that they are working on the communique.

The tweet read,

“AFTER SOME DELICATE NEGOTIATIONS (WITH BOTH MINISTERS AS CONCILIATORS), THE GOVERNMENT AND LABOUR HAVE FINALLY REACHED AN AGREEMENT ON THE CONSEQUENTIAL ADJUSTMENT OF OTHER WAGES FOLLOWING THE IMPLEMENTATION OF THE ENHANCED MINIMUM WAGE OF N30,000. WE ARE WORKING ON THE COMMUNIQUÉ.”

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