FG begins review of minimum wage
The National Commission for Wages, Incomes and Wages has announced that it has launched a process to review the national minimum wage.
The NSIWC Public Affairs Officer, Mr. Emmanuel Njoku, said so in a statement on Sunday in Abuja.
Njoku said that as part of the process of revising the minimum wage, which would be due in 2024, the commission had held a series of meetings and trainings for national monitoring of the law of 2019 on the minimum wage.
He said the monitoring, which was due to begin on January 23, would help determine the level of compliance of public and private employers and organizations.
According to him, the monitoring team will check, among other things, whether employers keep adequate records of wages and conditions of service of employees.
"The exercise will enlighten public and private employers and organizations on the economic benefits of complying with payment of the national minimum wage.
"It will also help to obtain basic data on the remuneration policies and practices of private sector organizations in order to enrich the commission's database on staff remuneration.
"The monitoring exercise will cover all 36 states of the federation, including the Federal Capital Territory," he said.
Njoku said the exercise monitoring team will be made up of key stakeholders, including the Ministry of Labor and Employment and the Ministry of Finance and National Planning.< /p>
Other stakeholders, according to him, are the head of department of the Federation, the office of the accountant general of the federation, the office of the budget of the federation and the national office of statistics.
The spokesperson called on federal, state and local ministries, departments and agencies, including public companies, private sector establishments and labor unions, to cooperate with oversight officers.< /p>
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The National Commission for Wages, Incomes and Wages has announced that it has launched a process to review the national minimum wage.
The NSIWC Public Affairs Officer, Mr. Emmanuel Njoku, said so in a statement on Sunday in Abuja.
Njoku said that as part of the process of revising the minimum wage, which would be due in 2024, the commission had held a series of meetings and trainings for national monitoring of the law of 2019 on the minimum wage.
He said the monitoring, which was due to begin on January 23, would help determine the level of compliance of public and private employers and organizations.
According to him, the monitoring team will check, among other things, whether employers keep adequate records of wages and conditions of service of employees.
"The exercise will enlighten public and private employers and organizations on the economic benefits of complying with payment of the national minimum wage.
"It will also help to obtain basic data on the remuneration policies and practices of private sector organizations in order to enrich the commission's database on staff remuneration.
"The monitoring exercise will cover all 36 states of the federation, including the Federal Capital Territory," he said.
Njoku said the exercise monitoring team will be made up of key stakeholders, including the Ministry of Labor and Employment and the Ministry of Finance and National Planning.< /p>
Other stakeholders, according to him, are the head of department of the Federation, the office of the accountant general of the federation, the office of the budget of the federation and the national office of statistics.
The spokesperson called on federal, state and local ministries, departments and agencies, including public companies, private sector establishments and labor unions, to cooperate with oversight officers.< /p>
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