The federal government on Friday inaugurated a 16-member consequential adjustments in salaries arising from provisions of the National Minimum Wage Act, 2024, of N70,000, approved by President Bola Tinubu.
The Chairman of the committee and Head of the Civil Service of the Federation (HCSF), Mrs. Didi Walson-Jack, inaugurated the committee on behalf of President Tinubu.
Daily Trust reports that President Tinubu on July 18 this year approved the minimum wage for federal workers from N30,000 to N70,000.
Walson-Jack said the President’s Renewed Hope Agenda is a covenant between his government and Nigerians, aimed at lifting citizens out of poverty and creating an enabling environment for prosperity.
“In this regard, President Bola Tinubu, graciously increased the national minimum wage from N30,000 to N70,000 with an assurance that it would be reviewed after three years, instead of the statutory five years through the Minimum Wage Amendment Act.
“This singular act, is aimed at enhancing the economic wellbeing of the working populace of Nigeria, in view of current economic realities. It is expected that this increase, will improve workers commitment to their jobs and in turn, increase productivity,” she said.
The HCSF said that the consequential adjustment in salaries is imperative in order to maintain a fair and equitable salary structure for Federal Civil Servants as a result of the minimum wage now fixed at N70,000 representing 133.33% increase from the previous minimum wage.
She said, “Consequently, there is a need to adjust the salaries of other categories of staff, taking into consideration the consequential effect of the new minimum wage.”