The Nigerian government has revealed plans to review the minimum wage every two years, instead of the previous five-year interval.
This was announced by the Minister of State for Labour and Employment, Nkeiruka Onyejeocha, on Thursday during an event in Abia State.
Onyejeocha explained that the change aligns with President Bola Tinubu’s commitment to Nigerian workers, ensuring wages are adjusted more frequently to address economic realities.
“We are not going to allow minimum wage reviews to take forever. It used to be every five years, but now it will be reviewed every three years. In less than two years, we will review the minimum wage again,” she said.
The announcement follows calls by the Trade Union Congress for annual wage reviews to match economic challenges such as rising inflation.
In 2024, Tinubu approved a N70,000 minimum wage with a promise to review it every three years. However, with Nigeria’s inflation rate reaching 34.60% in November 2024, workers have felt the impact of diminishing purchasing power.
