The National Salaries, Incomes, and Wages Commission has finished the computation of the new minimum salary for junior federal workers. Workers in the senior cadre will be ready within the next two or three weeks. A Presidency source confirmed to The Nation yesterday that both data would be transferred to the Office of the Accountant General of the Federation (OAGF) for further processing and execution.
According to the source, the NSIWC is awaiting the conclusion of negotiations between the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) on one side and the federal government on the other to ensure that workers' pay is proportionately aligned with the new minimum wage, also known as consequential adjustment. Junior workers are those in grades one through five, whereas senior staff members are in grades six and up. Depending on the organisation.
According to a Presidency source, the computations were carried out to guarantee the smooth implementation of the new wage structure, which is projected to benefit workers, particularly those in the junior cadre.
Junior workers, who are the principal beneficiaries of the latest wage adjustment, will see their monthly earnings increase from the current N30,000 to N70,000. According to a Presidency source, the details for levels one through five have been computed and will be given to the Accountant General's office very soon. ''The consequential adjustment is an important component of the new wage structure, which resulted from a recent agreement between the federal government and labor organizations. This modification will set the new payment scales for workers over grade level five, ensuring that their pay is proportionate to the new minimum wages.
The deliberations between labour leaders and the government are ongoing. They are working to agree on the percentage increase that will apply to different categories of workers as part of the consequential adjustment. Once finalised, these adjustments will be forwarded to the National Salaries, Incomes, and Wages Commission for computation.”
An official at the Office of the Accountant General of the Federation (OAGF) told The Nation that they were poised to receive the final wage details from the NSIWC. The official explained that the data were “crucial for calculating the Federal Government’s total wage bill under the new wage remuneration structure.’’
He added: “We are awaiting the details from the National Salaries, Incomes, and Wages Commission to determine the total wage bill under the new minimum wage.
The discussions between union leaders and the government are still ongoing. They are attempting to determine the percentage rise that will be applied to various kinds of workers as part of the consequential adjustment. Once completed, these modifications will be sent to the National Salaries, Incomes, and Wages Commission for computation." An official from the Office of the Accountant General of the Federation (OAGF) told The Nation that they were about to receive the final pay figures from the NSIWC. The official stated that the information was "critical for calculating the Federal Government's total wage bill under the new wage remuneration structure." He continued, "We are expecting the details from the National Salaries, Incomes, and Wages.
This will allow us to evaluate the financial implications and guarantee that all government employees are compensated in compliance with the new law. Prior to the new N70,000 minimum salary, the Federal Government's monthly pay bill was estimated at around N265 billion. The statistic includes salaries for the military, civil servants, and all other governmental employees. With the current pay adjustments, this figure is projected to climb dramatically, emphasizing the necessity of the OAGF's correct calculations.
The Nation stated that President Bola Tinubu's administration has been aggressive in resolving wage-related concerns, especially in light of increased living costs and economic challenges for workers. Following a critical meeting with NLC and TUC officials on July 15, President Tinubu approved a raise in the national minimum wage. This decision was eventually institutionalized when the National Assembly passed a new minimum wage bill, which the President signed. The new legislation also requires a review of the national minimum wage every three years to ensure that salary increases stay up with inflation and economic reality.
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