The Nigerian government has decided to review minimum wage every two years instead of the previous five-year interval.
This update was disclosed by the Minister of State for Labour and Employment, Nkeiruka Onyejeocha, on Thursday in Abia State. Speaking to PulseNets, Onyejeocha emphasized that the new timeline aligns with President Bola Tinubu’s commitment to fulfilling his promises to Nigerian workers by ensuring the minimum wage is reassessed after three years.
“We are not going to allow minimum wage review to be forever.
“It used to be about five years, but now, in three years’ time, which is less than two years, we will also review the minimum wage,” Onyejeocha told PulseNets.
PulseNets reports that this development follows the Trade Union Congress’s recent push for an annual review of the minimum wage to reflect current economic realities, including rising inflation.
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It was also learnt that last year, Tinubu approved a N70,000 minimum wage, committing to review it every three years. However, Nigeria’s surging inflation, which reached 34.60 percent in November 2024, has significantly affected the value of the wage increase.
