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On Thursday,18th of July, 2024, President Bola Tinubu permitted a brand new minimal wage of N70,000 for Nigerian employees, with a dedication to overview this quantity each three years.
The announcement was confirmed by Bayo Onanuga, the Particular Adviser to the President on Data and Technique.
President Tinubu revealed the brand new minimal wage throughout a gathering with leaders of the Nigeria Labour Congress (NLC) and the Commerce Union Congress (TUC) on the presidential villa in Abuja. Key attendees included Joe Ajaero, the president of NLC, Festus Osifo, the president of TUC, and numerous related ministers.
Along with the minimal wage enhance, Onanuga talked about that President Tinubu would quickly overview the four-month wage arrears owed to school employees throughout the nation.
This wage adjustment comes at a time when Nigerians are grappling with the excessive value of residing, pushed by inflation and financial challenges. Many voters have expressed issues that the brand new wage is inadequate to alleviate their monetary burdens.
What Nigerians are saying
David Onyemaizu
Minimal wage: 70,000 Naira Change price conversion: 1 greenback/N1,600 = $44. A bag of rice: 76,000 for the most cost effective model. So, if a bag of rice is taking 100% of your residing wage month-to-month, what occurs to different necessary elements of your life other than meals? You people are usually not hungry & indignant sufficient.
Minimal wage: 70,000 Naira
Change price conversion: 1 greenback/N1,600 = $44.
A bag of rice: 76,000 for the most cost effective model.
So, if a bag of rice is taking 100% of your residing wage month-to-month, what occurs to different necessary elements of your life other than meals?
You people are… pic.twitter.com/VigdscRNCb
— Sir David Onyemaizu🦍 (@SirDavidBent) July 18, 2024
Ikuku Nenye ndụ
Should you suppose 70,000 naira ($41) is nice sufficient for somebody to be paid after working for a month, keep in mind somebody on the market in U.S, Canada, U.Ok and the likes are incomes this per hour, for some individuals it’s their 2 hours pay whereas it’s half-hour pay for some individuals (excessive earners). That quantity is a Peanuts in comparison with what these guys in Authorities earn. It shouldn’t be accepted !!!
Should you suppose 70,000 naira ($41) is nice sufficient for somebody to be paid after working for a month, keep in mind somebody on the market in U.S, Canada, U.Ok and the likes are incomes this per hour, for some individuals it’s their 2 hours pay whereas it’s half-hour pay for some individuals (excessive…
— 🌴 Ikuku Nenye ndụ ❤️ (@iamauxigen) July 18, 2024
Nasiru Yahaya
Paying 70,000 naira minimal wage is truthful sufficient for certain. However 80% of governor’s won’t ever pay. And once more, this may also give the entrepreneurs the urge to hype the quantity of there merchandise all within the title of 70000 naira minimal wage.
Paying 70,000 naira minimal wage is truthful sufficient for certain. However 80% of governor’s won’t ever pay. And once more, this may also give the entrepreneurs the urge to hype the quantity of there merchandise all within the title of 70000 naira minimal wage.
— nasiru yahaya (@NasiruY8923) July 18, 2024
Nwaji Okike Gabriel
Can 70,000 naira feed a household of six in a single month in Nigeria of right now? keep in mind, no financial savings, no home lease
Can 70,000 naira feed a household of six in a single month in Nigeria of right now? keep in mind, no financial savings, no home lease
— Nwaji Okike Gabriel (@OkikeNwaji) July 18, 2024
Midemide
70,000 Naira minimal wage = $43. Minimal wage in 1981 = $191 Minimal wage in 2014 = $125 NLC & TUC, disgrace on you!
70,000 Naira minimal wage = $43.
Minimal wage in 1981 = $191
Minimal wage in 2014 = $125
NLC & TUC, disgrace on you!
— midemide (@midemide1) July 18, 2024
Ji-ming
Until the price of transportation, healthcare, meals costs, lodging, electrical energy, water and so on is decreased drastically, the 70,000 naira agreed by the NLC & FG can’t actually do something & will improve corruption & stealing
Until the price of transportation, healthcare, meals costs, lodging, electrical energy, water and so on is decreased drastically, the 70,000 naira agreed by the NLC & FG cannot actually do something & will improve corruption & stealing. #myopinion #nlc
— Ji-ming (@jimtex01) July 18, 2024
Amb Ikechukwu Godwin
The brand new nationwide minimal wage of 70,000 Naira, equal to roughly $43.09 USD monthly, remains to be a meager quantity that falls wanting offering a good way of life for Nigerian residents. Contemplating the nation’s inflation price, value of residing & financial realities
The brand new nationwide minimal wage of 70,000 Naira, equal to roughly $43.09 USD monthly, remains to be a meager quantity that falls wanting offering a good way of life for Nigerian residents.
Contemplating the nation’s inflation price, value of residing & financial realities— Amb Ikechukwu Godwin (@aikays_gallery) July 18, 2024
Eke Kevin Ọbúmnẹmẹ
“Learn the information right now saying President Bola Ahmed Tinubu a.ok.a Jagaban has permitted 70,000Naira as the brand new Nigerian minimal wage. In my very own view no less than it’s higher than nothing, it’ll assist the economic system as nicely & additionally finest to the earlier 33,000Naira. I hope NLC accepts it for now.”
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