FG Committee Discloses Adjustments And Proposals For New Minimum Wage Implementation

FG Committee Discloses Adjustments And Proposals For New Minimum Wage Implementation

The details of the agreement reached by the federal government committee on the consequential adjustment of the new minimum wage have emerged.

As earlier reported by Ireporteronline on Friday, the committee, headed by the Head of Service of the Federation, Mrs Didi Walson-Jack, came to an agreement regarding a specific option for consequential salary adjustments on the new ₦70,000 minimum wage.

The committee recommended that the implementation of the new minimum wage should be backdated to July 2024, meaning the government would have to pay arrears.

It also recommended that the wage award been paid to federal government workers should cease once the new minimum wage gets paid.

It, however urged the federal government to put into consideration the fresh hike in the price of petrol and consider its effect on workers.

The committee agreed that consequential adjustments be implemented as follows:

CONPSS 01-06 • 80.81% – 64.73%

CONPSS 07-14 • 45.59% – 19.35%

CONPSS 15-17 • 14.35% – 4.41%

The committee also recommended the following:

(i) That the National Salaries Incomes And Wages Commission (NSIWC) will generate the appropriate salary templates for other consolidated salary structures for implementation.

(iii) That the effective date of the implementation should be 29th July 2024.

(iv) That the payment of the wage award issued vide NS/WC Circular SWC.04/T/33 dated 19* October 2023 should continue to be paid until 28th July 2024.

(v) That the Federal Government should take appropriate measures to alleviate the plight of Federal workers as a result of the recent increase in PMS, including the consideration of tax waivers and other incentives; and

(vi) That the NSIWC in collaboration with other stakeholders should commence monitoring of the implementation in line with the provisions of the Act.