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New Minimum Wage: FG gives condition for paying N30,000 as Senate approves figure

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New Minimum Wage: FG gives condition for paying N30,000 as Senate approves figure


The Nigerian Senate has finally approved ₦30,000 as the new national minimum wage.

This approval is coming after the ad hoc committee set up to review the minimum wage submitted their report.

The Minister also told the panel headed by Senator John Owan-Enoh, that the Technical Advisory Committee on the minimum wage, will submit its report to President Muhammadu Buhari this week. 

He said, “The current minimum wage of N18,000 is really too low. It is difficult for workers to manage on that amount.

“The President supported a review, but it is important that as we are revising it, we should be able to fund it.

“It is in the light of this that we would be coming to you (Senate) because there may be the need to make some changes, especially the VAT, in order to fund the minimum wage once it is announced.”


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