The Committee on Consequential Adjustments in Salaries for civil servants has confirmed that the newly approved minimum wage will take effect from July 29, 2024.
This was disclosed in a Memorandum of Understanding issued following the committee’s recent meeting, a copy of which was obtained by our correspondent in Abuja on Friday.
The MoU stated, “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.”
This statement indicates that the National Salaries, Incomes, and Wages Commission will be responsible for creating the necessary salary frameworks to facilitate the new wage structure.
The committee, comprising 16 members, was established to ensure the effective implementation of the National Minimum Wage Act 2024.
This new legislation raises the national minimum wage from ₦30,000 to ₦70,000, reflecting a significant increase aimed at improving the living standards of workers across various sectors.
In addition to negotiating and agreeing on consequential adjustments in salaries, the committee is also tasked with developing a comprehensive template for the application of the approved minimum wage across different salary structures.
These terms of reference are critical in guiding the committee’s work to ensure smooth and uniform implementation of the new wage policy.
