The Federal Government’s announcement that the new minimum wage will take effect from May 1, 2024, despite ongoing negotiations, has sparked mixed reactions among Nigerian workers. While the news is a welcome development, it also highlights the challenges and delays in addressing workers’ welfare in the country.
Addressing Nigerian workers at the May Day celebration in Abuja, Minister of State Labour, Nkeiruka Onyejeocha, acknowledged the regrettable delay in finalizing the new national minimum wage. Despite the delay, assurances were given that workers would not lose out, as the government remains committed to implementing the new wage.
The Tripartite Committee on National Minimum Wage has yet to conclude its negotiations, indicating ongoing consultations to ensure the timely release of the new wage structure. This delay underscores the complexities involved in addressing workers’ concerns and negotiating agreements that balance the interests of all stakeholders.
Organized labor, represented by the Nigeria Labour Congress and the Trade Union Congress, has been vocal in calling for an upward review of wage awards. The demand for a new minimum wage of N615,000 reflects the pressing need to address the economic realities and high cost of living faced by Nigerian workers.
The current minimum wage of N30,000, established by the Minimum Wage Act of 2019, is deemed insufficient to meet the basic needs of workers. Concerns have been raised about the uneven implementation of the current wage award, with some governors failing to adhere to the stipulated amount.
The periodic review of the wage every five years is intended to align with economic developments and ensure fair compensation for workers. However, delays in the review process and challenges in enforcement have undermined the effectiveness of these measures.
As Nigeria marks International Workers’ Day, the announcement of the impending minimum wage increase serves as a reminder of the ongoing struggle for labor rights and economic justice. While progress has been made, there is still much work to be done to address systemic issues and improve the welfare of workers across the country.
Critically evaluating the government’s response to workers’ demands and the effectiveness of existing labor laws will be essential in charting a path forward towards a more equitable and prosperous society for all Nigerians.
Reference
New minimum wage will take effect from May 1, 2024 – FG published in Punch By Deborah Tolu-Kolawole