Minimum Wage In 2024 Nigeria Per Month

Minimum Wage In 2024 Nigeria Per Month. The act, which came into effect on the 29th of july 2024, introduces an increase in the minimum wage rate for all workers in nigeria and also shortens the review period for the minimum wage rate from five years to three years. In nigeria, national minimum wage came into force in 1981, when it was fixed at n1,500 per month.

Now, wey di lawmakers don pass national minimum wage act 2024, all employers of labor for nigeria go begin pay dia low ranking staff atleast 70,000 naira. The extant law that regulates minimum wage is the national minimum wage (amendment) act 2024, (hereinafter referred to as “the law”).