Nigeria: Govt workers salaries increased by up to 35 percent​

by | May 24, 2024 | Business

​Nigeria ‘s labour unions have been agitating for an increase in wages and salaries since last year when president Bola Ahmed Tinubu effected the removal of subsidies on petrol upon his assumption of office. Nigeria ‘s labour unions have been agitating for an increase in wages and salaries since last year when president Bola Ahmed Tinubu effected the removal of subsidies on petrol upon his assumption of office.  

In commemoration of May day, the Nigerian government has announced the approval of a 25 percent and 35 percent salary increase for some categories of workers in the country.

A statement signed on Tuesday by the National Salaries, Incomes and Wages Commission (NSIWC) said the increases included government workers in the education, health and security sectors.

The increase was back-dated to January 2024, and the lowest-paid government employee will earn 450,000 naira ($323.97) a year or 37,500 monthly, according to the NSIWC’s statement.

Nigeria’s labour unions have been agitating for an increase in wages and salaries since last year when President Bola Ahmed Tinubu effected the removal of subsidies on petrol upon his assumption of office.

Since then inflation in Africa’s most populous nation has skyrocketed, reaching nearly 35 per cent in March, the highest in three decades. Additionally, the value of the Naira the country’s currency has plummetted against the dollar, losing 60 per cent, thereby worsening the cost of living crisis.

Many Nigerians groan under the harsh economic situation and lament that their take-home pay is not in tune with today’s reality and must be substantially increased.

Yet the news of the May Day increase in the salary of civil servants is being met with mixed reactions in the West African nation. Some labour unions say what was more important was a general increase in the country’s minimum wage. 

“These categories of workers are already in the privileged sector but we expect it to be extended also to other categories of civil servants who are in the lower cadre and are vulnerable,” the Nigeria Labour Congress (NLC) spokesman Comrade Benson Upah told local media.

Since 2019, Nigeria’s minimum wage has been set as 30,000 naira per month, an amount that is now worth less than 20 dollars with the naira’s devaluation.

Negotiations between the government and the main labour unions about an increase in the minimum wage are ongoing.

 

Trending News
Dangote officials, refiners tackle marketers over imported PMS

Dangote officials, refiners tackle marketers over imported PMS

Domestic crude oil refiners and officials at the Dangote Petroleum Refinery have kicked against the commencement of the importation of Premium Motor Spirit, popularly called petrol, by major oil marketers in Nigeria. Oil refiners alleged that some imported fuels were of low quality when compared with the ones produced by the Dangote refinery, a position

Read More

Domestic crude oil refiners and officials at the Dangote Petroleum Refinery have kicked against the commencement of the importation of Premium Motor Spirit, popularly called petrol, by major oil marketers in Nigeria. Oil refiners alleged that some imported fuels were of low quality when compared with the ones produced by the Dangote refinery, a position

Read More Domestic crude oil refiners and officials at the Dangote Petroleum Refinery have kicked against the commencement of the importation of Premium Motor Spirit, popularly called petrol, by major oil marketers in Nigeria. Oil refiners alleged that some imported fuels were of low quality when compared with the ones produced by the Dangote refinery, a position
Read More  Punch Newspapers – Business

Domestic crude oil refiners and officials at the Dangote Petroleum Refinery have kicked against the commencement of the importation of Premium Motor Spirit, popularly called petrol, by major oil marketers in Nigeria. Oil refiners alleged that some imported fuels were of low quality when compared with the ones produced by the Dangote refinery, a position
Read More

Nigerian economy to hit $400bn by 2026 – Rewane

Nigerian economy to hit $400bn by 2026 – Rewane

The Managing Director and Chief Executive Officer of Financial Derivatives Company Limited, Bismarck Rewane, has projected that the Nigerian economy would grow by 3.5 per cent by 2026, pushing the country’s gross domestic product to approximately $400bn. He disclosed this at the Access Bank Customer Forum held in Lagos on Thursday.  “The Nigerian economy will

Read More

The Managing Director and Chief Executive Officer of Financial Derivatives Company Limited, Bismarck Rewane, has projected that the Nigerian economy would grow by 3.5 per cent by 2026, pushing the country’s gross domestic product to approximately $400bn. He disclosed this at the Access Bank Customer Forum held in Lagos on Thursday.  “The Nigerian economy will

Read More The Managing Director and Chief Executive Officer of Financial Derivatives Company Limited, Bismarck Rewane, has projected that the Nigerian economy would grow by 3.5 per cent by 2026, pushing the country’s gross domestic product to approximately $400bn. He disclosed this at the Access Bank Customer Forum held in Lagos on Thursday.  “The Nigerian economy will
Read More  Punch Newspapers – Business

The Managing Director and Chief Executive Officer of Financial Derivatives Company Limited, Bismarck Rewane, has projected that the Nigerian economy would grow by 3.5 per cent by 2026, pushing the country’s gross domestic product to approximately $400bn. He disclosed this at the Access Bank Customer Forum held in Lagos on Thursday.  “The Nigerian economy will
Read More

Africa Creatives Alliance launched to boost economy

Africa Creatives Alliance launched to boost economy

The Africa Creatives Alliance has been launched to boost the creative economy in the African continent. The ACA launched recently in alignment with the African Union’s Agenda 2063, ‘The Africa We Want’, is poised to become a key catalyst for transforming Africa into a global powerhouse by harnessing the immense potential of the continent’s cultural

Read More

The Africa Creatives Alliance has been launched to boost the creative economy in the African continent. The ACA launched recently in alignment with the African Union’s Agenda 2063, ‘The Africa We Want’, is poised to become a key catalyst for transforming Africa into a global powerhouse by harnessing the immense potential of the continent’s cultural

Read More The Africa Creatives Alliance has been launched to boost the creative economy in the African continent. The ACA launched recently in alignment with the African Union’s Agenda 2063, ‘The Africa We Want’, is poised to become a key catalyst for transforming Africa into a global powerhouse by harnessing the immense potential of the continent’s cultural
Read More  Punch Newspapers – Business

The Africa Creatives Alliance has been launched to boost the creative economy in the African continent. The ACA launched recently in alignment with the African Union’s Agenda 2063, ‘The Africa We Want’, is poised to become a key catalyst for transforming Africa into a global powerhouse by harnessing the immense potential of the continent’s cultural
Read More

Solid mineral industry growth fuels transparency calls

Solid mineral industry growth fuels transparency calls

Despite the mining sector’s growing contribution to the country’s economy, stakeholders are calling for greater transparency in the Solid Minerals Development Ministry’s emphasis on value addition. They are demanding a policy framework that promotes a comprehensive value chain in the sector, DAMILOLA AINA writes The policy direction of the Solid Minerals Development Ministry to entrench

Read More

Despite the mining sector’s growing contribution to the country’s economy, stakeholders are calling for greater transparency in the Solid Minerals Development Ministry’s emphasis on value addition. They are demanding a policy framework that promotes a comprehensive value chain in the sector, DAMILOLA AINA writes The policy direction of the Solid Minerals Development Ministry to entrench

Read More Despite the mining sector’s growing contribution to the country’s economy, stakeholders are calling for greater transparency in the Solid Minerals Development Ministry’s emphasis on value addition. They are demanding a policy framework that promotes a comprehensive value chain in the sector, DAMILOLA AINA writes The policy direction of the Solid Minerals Development Ministry to entrench
Read More  Punch Newspapers – Business

Despite the mining sector’s growing contribution to the country’s economy, stakeholders are calling for greater transparency in the Solid Minerals Development Ministry’s emphasis on value addition. They are demanding a policy framework that promotes a comprehensive value chain in the sector, DAMILOLA AINA writes The policy direction of the Solid Minerals Development Ministry to entrench
Read More

FIRS engages industry leaders in tax reforms

FIRS engages industry leaders in tax reforms

The Executive Chairman of the Federal Inland Revenue Service, Zacch Adedeji, on Wednesday addressed Nigeria’s recent tax reforms, as industry leaders deliberated progress and drawbacks. Adedeji, represented by the Acting Director of the Medium Taxpayers Department, South, Oti Olaniyi, described the restructuring of FIRS as a customer-centric shift designed to improve efficiency and responsiveness. The

Read More

The Executive Chairman of the Federal Inland Revenue Service, Zacch Adedeji, on Wednesday addressed Nigeria’s recent tax reforms, as industry leaders deliberated progress and drawbacks. Adedeji, represented by the Acting Director of the Medium Taxpayers Department, South, Oti Olaniyi, described the restructuring of FIRS as a customer-centric shift designed to improve efficiency and responsiveness. The

Read More The Executive Chairman of the Federal Inland Revenue Service, Zacch Adedeji, on Wednesday addressed Nigeria’s recent tax reforms, as industry leaders deliberated progress and drawbacks. Adedeji, represented by the Acting Director of the Medium Taxpayers Department, South, Oti Olaniyi, described the restructuring of FIRS as a customer-centric shift designed to improve efficiency and responsiveness. The
Read More  Punch Newspapers – Business

The Executive Chairman of the Federal Inland Revenue Service, Zacch Adedeji, on Wednesday addressed Nigeria’s recent tax reforms, as industry leaders deliberated progress and drawbacks. Adedeji, represented by the Acting Director of the Medium Taxpayers Department, South, Oti Olaniyi, described the restructuring of FIRS as a customer-centric shift designed to improve efficiency and responsiveness. The
Read More