Obaseki Raises Minimum Wage To N70,000

The Edo State Governor, Godwin Obaseki, has increased the minimum wage for workers in the state from N40,000 to N70,000.

The governor made the announcement at the inauguration of the newly built ultra-modern Labour House secretariat complex for labour unions in the state, along Temboga Road, Ikpoba-Hill, Benin City.

The new minimum wage regime in Edo will take effect from May 1, 2024,” the governor sasaid.

Choice Repoters recall the Nigeria Labour Congress, NLC, and Trade Union Congress, TUC, have been pushing for a new minimum wage for workers across states. This is coming on the heels of the hardship occasioned by the economic reforms of President Bola Tinubu’s administration.

The removal of subsidy on petrol and unification of the forex windows in 2023, immediately led to food inflation and a spike in the prices of other goods and services.

Meanwhile, the national minimum wage has been pegged at N30,000 since April 18, 2019.

However, this sum has been described as “grossly inadequate” and “poverty wage” in the face of prevailing economic hardship.

More details coming on the minimum wage announced by Obaseki.

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