FG Set To Review Minimum Wage- NSIWC

The National Salaries Incomes and Wages Commission, NSIWC has disclosed that it has initiated process for the review of the National Minimum Wage.

This is contained in statement made available to Newsmen in Abuja by the NSIWC’s Head of Public Affairs, Mr Emmanuel Njoku,

It explains that as part of the process to review the minimum wage, which would be due in 2024, the commission had held series of meetings and trainings towards a nationwide monitoring of the Minimum Wage Act 2019.

According to him, the monitoring billed to begin on Jan.

He added the monitoring team will among other things inquire if employers keep adequate records of wage and conditions of service of employees.

He stated that the exercise will enlighten the public and private employers and organizations on the economic benefits of adhering to the payment of the National Minimum Wage.
“It will also help in obtaining baseline data on remuneration policies and practices of private sector organizations in order to enrich the commission’s data bank on staff compensation.

“The monitoring exercise will cover the 36 states of the federation including the Federal Capital Territory,” he said.
Njoku said the monitoring team for the exercise would be drawn from key stakeholders including the Ministry of Labour and Employment, and Ministry of Finance and National Planning.
Other stakeholders,
according to him, are Head of Service of the Federation, Office of the Accountant-General of the Federation, Budget Office of the Federation and National Bureau of Statistics.
He charged the federal, state and local government ministries, departments and agencies, including government-owned enterprises, private sector establishments and labour unions to cooperate with the monitoring officers.