The new minimum wage introduced by the Federal Government Nigeria will begin in April 2024, as the current minimum wage of N30,000 will expire by the end of March, 2024
The ministrr of information Mohammed Idris was reported telling the media that the federal government will spend a total of N24.66 trillion on salaries in 2024, 2025 and 2026.
He said that “certainly, there is a new minimum wage regime that will come in on 1st April, 2024. That is why these palliatives were targeted so that they would cushion economic hardship before then. In our negotiation with Labour, we said that the wage issue was not something that one could just fix. A committee that will also involve Labour will work on it
