New minimum wage to start in April 2024 — FG.
The Federal Government is set to implement a new minimum wage from April 1, 2024. This was disclosed by the Minister of Information and National Orientation, Idris Mohammed, on Thursday, November 30, in Abuja.
Mohammed disclosed that the existing minimum wage of N30,000 would expire at the end of March 2024.
He said that the Federal Government’s proposed expenditure included N24.66 trillion for salaries in 2024, 2025, and 2026.
Recall that following the removal of fuel subsidy by President Bola Tinubu on May 29, 2023, the Federal Government agreed to pay N35,000 to each of its workers to cushion the effect of the subsidy removal.
However, the organised Labour insisted that the N35,000 wage award was a temporary measure, adding that the minimum wage should be reviewed in 2024.
