August 17, 2011 – Nigerian Minimum Wage, N18,900 Final Agreement Sealed
The Federal Government and organised labour yesterday signed the final agreement for the implementation of the new National Minimum Wage which was pegged at N18,900.
The signing of the agreement was the culmination of several meetings which began after the nation’s labour movement last month threatened to embark on a nation-wide strike over the Minimum Wage Act that was signed into law by President Goodluck Jonathan last March.
The detailed agreement which was read out by the Director-General of the National Salaries, Incomes and Wages Commission, NSIWC, Mr Richard Egbule stated: That the Federal Government agrees to comply with the new National Minimum wage (Amendment) Act, 2011.; That in view of the contents of clause three of the agreement, detailed negotiations were undertaken by a Technical Committee comprising representatives of the Federal Government and Labour movement to address the relativity implications of the implementation of the new National Minimum Wage Act, 2011.
That considering the fact that all Federal Government Public Harmonized Salary Structures had at least a 53.4 percent increase in the past one year, and noting the current issue is the implementation of the new National Minimum Wage 2011, and also taking the relativity factor into account, the implementation and consequential adjustments across board shall be limited to the N 11 billion additional cost per annum to the Federal Public Service Wage Bill in 2011.
That an endorsed copy of the agreed payment table in respect of the Consolidated Public service Salary Structure, CONPSS, is attached to this agreement and circulars based on the table will be issued accordingly by the National salaries, Incomes and Wages Commission, NSIWC. Vanguard