Tag
MINIMUM WAGE
The Minister of Labour and Employment, Dr Chris Ngige, has said the incoming administration of the president-elect, Bola Tinubu, should review the new minimum wage immediately after its inauguration on May 29, 2023.
Kwara Government stated that it is working with Labour Unions in the state to implement a new minimum wage for civil servants in the State.
The FG is proposing in the new Finance Act, an exemption of minimum wage earners from paying income tax.
The FG has stated that it will work to facilitate the removal of tax on minimum wage.
State governors in Nigeria shared the sum of N2.53 trillion gross allocation in 2019 (January – November).
The Nigeria Employers’ Consultative Association (NECA) has said the implementation of the 7.2% Value Added Tax approved by the Federal Executive Council would make nonsense of the recent increase in the minimum wage.
A week after the Nigerian Labour Congress (NLC) denied report of a protest, the Trade Union Congress (TUC) has threatened the Federal Government with an industrial action over minimum wage implementation.
The Head of Civil Service of the Federation, Winifred Iya-Ota has disclosed why there is a delay on the implementation of the minimum wage.
After months of eager anticipation, hopes were not entirely dashed after President Muhammadu Buhari has finally approved the immediate implementation of N30,000 new minimum wage to lowest cadre workers.
According to local reports, the newly elected President of the Trade Union Congress (TUC), Quadri Olaleye, disclosed that the union would issue an ultimatum for an industrial action if the Federal Government continued to delay the implementation of new N30, 000 minimum wage.
Nairametrics Research believes the new minimum wage could have an impact on the cost of riding a cab or bike on any of the ride-sharing apps in Nigeria.
The Federal Inland Revenue Service (FIRS) has announced it will increase the Value Added Tax (VAT) by between 35 and 50 per cent in 2019. This move comes a day after Nigerian legislature approved the N30, 000 minimum wage.