THE FEDERAL GOVERNMENT HAS BEGUN A REVIEW OF THE MINIMUM WAGE.

According to the National Salaries, Incomes, and Wages Commission, a review of the National Minimum Wage has begun.

Mr Emmanuel Njoku, the NSIWC’s Head of Public Affairs, stated this in a statement issued on Sunday in Abuja.

Njoku stated that as part of the process to review the minimum wage, which is due in 2024, the commission has held a series of meetings and trainings aimed at ensuring nationwide compliance with the Minimum Wage Act 2019.

He stated that the monitoring, which is set to begin on January 23, would aid in determining the level of compliance of public and private employers and organizations. review

According to him, the monitoring team will look into whether employers keep adequate records of employee wages and working conditions.

“The exercise will enlighten the public and private employers and organisations on the economic benefits in adhering to the payment of the National Minimum Wage.

“It will also help in obtaining baseline data on remuneration policies and practices of private sector organisations in order to enrich the commission’s data bank on staff compensation.

“The monitoring exercise will cover the 36 states of the union, as well as the Federal Capital Territory,” he said.

Njoku stated that the monitoring team for the exercise would be comprised of key stakeholders such as the Ministries of Labour and Employment and Finance and National Planning.

Other stakeholders, according to him, include the Federation’s Head of Service, the Office of the Accountant-General, the Federation’s Budget Office, and the National Bureau of Statistics.

The spokesperson urged federal, state, and local governments, as well as government-owned enterprises, private-sector businesses, and labor unions, to work with the monitoring officers.