The Minister of State for Labour and Employment, Nkeiruka Onyejeocha, disclosed this on Thursday in Abia State.

According to her, 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 recently called for a yearly review of the minimum wage in line with economic realities such as rising inflation.

DAILY POST reports 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.

Edygrin:
The Nigerian government has announced that the minimum wage would be reviewed on a two-year interval instead of five years.


https://dailypost.ng/2025/01/10/nigerian-govt-announces-period-for-next-minimum-wage-increase/

Edygrin:
The Nigerian government has announced that the minimum wage would be reviewed on a two-year interval instead of five years.


https://dailypost.ng/2025/01/10/nigerian-govt-announces-period-for-next-minimum-wage-increase/

Edygrin:
The Nigerian government has announced that the minimum wage would be reviewed on a two-year interval instead of five years.


https://dailypost.ng/2025/01/10/nigerian-govt-announces-period-for-next-minimum-wage-increase/

ivandragon:
Lol.

With the cunning formulae they use now, they can even afford to review it every 6 months.

Federal workers earning N200,000 before the last review/increase now earn N215,000, that is less than 10% increment.

Reverseng:
Review of minimum wage doesn't always mean increase. It could mean decrease.

And that's a good sign because it spells that Paper money will recover 'perceived' value

Imagine #100 cooking a nice pot of soup like before. That's #100 recovering its value back


With that, a minimum wage of #10k will be nice

Throwaway for diggers:

Inflation is not the price of goods going up. No. Inflation is the effect of something. Ask yourself what's the cause. There's always a casue of an effect. Because this is a two way universe of cause and effect as Walter Russell tried teaching

Morning and night happens simultaneously, same way evaporation is balanced by condensation. Death and rebirth

The cause of inflation is money losing value due to excess being 'electronically generated' by fractional reserve banking and central banks buying government bonds with money drawn from an empty account. The price of few goods then acts like a mop to sweep the excess money in circulation. And that's the effect you see in the markets.

Printing money doesn't cause inflation. if Nigeria pays all her debt, there'd be no Paper money in Nigeria. And that's why Nigeria can't pay her debt. Because the rulers need paper money

Debt= money

You're welcome to do your research

Welcome to the debt based economy

Reverseng:
Review of minimum wage doesn't always mean increase. It could mean decrease.

And that's a good sign because it spells that Paper money will recover 'perceived' value

Imagine #100 cooking a nice pot of soup like before. That's #100 recovering its value back


With that, a minimum wage of #10k will be nice

Throwaway for diggers:

Inflation is not the price of goods going up. No. Inflation is the effect of something. Ask yourself what's the cause. There's always a casue of an effect. Because this is a two way universe of cause and effect as Walter Russell tried teaching

Morning and night happens simultaneously, same way evaporation is balanced by condensation. Death and rebirth

The cause of inflation is money losing value due to excess being 'electronically generated' by fractional reserve banking and central banks buying government bonds with money drawn from an empty account. The price of few goods then acts like a mop to sweep the excess money in circulation. And that's the effect you see in the markets.

Printing money doesn't cause inflation. if Nigeria pays all her debt, there'd be no Paper money in Nigeria. And that's why Nigeria can't pay her debt. Because the rulers need paper money

Debt= money

You're welcome to do your research

Welcome to the debt based economy

Reverseng:
Review of minimum wage doesn't always mean increase. It could mean decrease.

And that's a good sign because it spells that Paper money will recover 'perceived' value

Imagine #100 cooking a nice pot of soup like before. That's #100 recovering its value back


With that, a minimum wage of #10k will be nice

Throwaway for diggers:

Inflation is not the price of goods going up. No. Inflation is the effect of something. Ask yourself what's the cause. There's always a casue of an effect. Because this is a two way universe of cause and effect as Walter Russell tried teaching

Morning and night happens simultaneously, same way evaporation is balanced by condensation. Death and rebirth

The cause of inflation is money losing value due to excess being 'electronically generated' by fractional reserve banking and central banks buying government bonds with money drawn from an empty account. The price of few goods then acts like a mop to sweep the excess money in circulation. And that's the effect you see in the markets.

Printing money doesn't cause inflation. if Nigeria pays all her debt, there'd be no Paper money in Nigeria. And that's why Nigeria can't pay her debt. Because the rulers need paper money

Debt= money

You're welcome to do your research

Welcome to the debt based economy

Edygrin:
The Nigerian government has announced that the minimum wage would be reviewed on a two-year interval instead of five years.


https://dailypost.ng/2025/01/10/nigerian-govt-announces-period-for-next-minimum-wage-increase/