FG To Backdate Payment Of New Minimum Wage To July 29
The Committee on Consequential Adjustments in Salaries for civil servants has announced that the new minimum wage will be implemented from July 29, 2024.
This was contained in a Memorandum of Understanding (MoU) issued at the end of the committee’s meeting sighted by our correspondent in Abuja on Friday.
The MoU reads: “The NSIWC will generate the appropriate salary templates for other consolidated salary structures for implementation; the effective date of the implementation shall be July 29, 2024.”
The committee was established to implement the provisions of the National Minimum Wage Act 2024, which raised the national minimum wage from ₦30,000 to ₦70,000. The committee consists of 16 members.
Its terms of reference include negotiating and agreeing on consequential adjustments in salaries and developing a template for the implementation of the approved minimum wage.
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