The Federal Government has announced that the minimum wage would be reviewed on a two-year interval instead of five years.
The Minister of State for Labour and Employment, Nkeiruka Onyejeocha, who made this disclosure on Thursday, 9 January, 2025 in Abia State, said the minimum review timeline is in line with President Bola Tinubu’s commitment to his promise to Nigerian workers by ensuring the minimum wage was reviewed after three years.
“We are not going to allow minimum wage review to be forever.
“It used to be about five years, but now, in three years’ time, which is less than two years, we will also review the minimum wage,” Onyejeocha said.
This comes as the Trade Union Congress (TUC) recently called for a yearly review of the minimum wage in line with economic realities such as rising inflation.
Recall that last year Tinubu had approved a N70,000 minimum wage, with a promise to review it every three years.
However, Nigeria’s rising inflation, which stood at 34.60 percent in November 2024, had impacted the minimum wage increase.
