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MINIMUM WAGE

The Ontario Living Wage Network has released the updated living wage rates for 2024 in 10 major regions of the province.
The Federal Government of Nigeria has projected a fiscal deficit of N13.08 trillion in 2025, an increase from the estimated N9.18 trillion for 2024 and one of the largest on record. 
Chairman of the Presidential Fiscal Policy and Tax Reform Committee, Taiwo Oyedele, has said that Nigerians earning minimum wage and slightly above will be exempted from the Pay as You Earn (PAYE) tax once the Tax Reform Bills are signed into law. 
The Nigeria Labour Congress (NLC) has issued a December 1 ultimatum for all state governments to implement the new national minimum wage, citing the worsening economic situation faced by Nigerian workers.  
Kano State Governor Abba Kabir Yusuf has approved a minimum wage of N71,000 for state civil servants. 
The World Bank has said that the recent increase in Nigeria’s minimum wage will only benefit a limited segment of the population, impacting just 4.1% of working-age Nigerians. 
The Lagos state government has committed to paying a minimum wage of N85,000 to civil servants- higher than the federal government’s approved minimum wage of N70,000.  
The Federal Government has approved an increase in the monthly allowance for members of the National Youth Service Corps (NYSC) to N77,000, effective from July 2024. 
Ontario, Manitoba, Saskatchewan, and Prince Edward Island will implement new minimum wage rates effective October 1st, 2024. This...
The Nigeria Union of Pensioners (NUP) has urged the federal government and states to consider using the new minimum wage of N70,000 as a template to recompute pension emoluments due to the current economic situation. 
The average worker living in Lagos earns the sum of N60,000 as monthly salary, according to a new survey covering Nigeria’s commercial hub.  
The President of the Senate, Godswill Akpabio, has said the new minimum wage bill stipulates that employers cannot pay their domestic workers such as drivers, housemaids and gatemen below the N70,000 benchmark.