FG Begins Minimum Wage Review

The National Salaries Incomes and Wages Commission says it has began process for the review of the National Minimum Wage.

NSIWC’s Head of Public Affairs, Mr Emmanuel Njoku, said this in a statement issued on Sunday in Abuja.

Njoku added that as part of the process to review the minimum wage, which is due in 2024, the commission had organized several meetings and trainings towards a nationwide monitoring of the Minimum Wage Act 2019.

He added that the monitoring billed to commence on Jan. 23, would help confirm the compliance level of public and private employers and organizations.

According to him, the monitoring team will among other things confirm if employers keep adequate records of wage and conditions of service of employees.

He said, “The exercise will enlighten the public and private employers and organisations on the economic benefits in adhering to the payment of the National Minimum Wage.

“It will also help in obtaining baseline data on remuneration policies and practices of private sector organisations in order to enrich the commission’s data bank on staff compensation.

“The monitoring exercise will cover the 36 states of the federation including the Federal Capital Territory”.

Njoku further said the monitoring team for the exercise would be drawn from major stakeholders including the Ministry of Labour and Employment, and Ministry of Finance and National Planning.