The Federal Government through the National Salaries Incomes and Wages Commission has revealed that it has initiated process for the review of the National Minimum Wage.
According to The PUNCH, this was disclosed by the NSIWC’s Head of Public Affairs, Mr Emmanuel Njoku, through in a statement on Sunday in Abuja.
Njoku stated that the commission has undertaken a series of meetings and trainings in preparation for a nationwide monitoring of the Minimum Wage Act 2019 as part of the process to review the minimum wage, which would be required in 2024.
He claimed that the monitoring, which was scheduled to start on January 23, would determine the degree of compliance of both public and private enterprises and organizations.
He also stated that the monitoring team will, among other things, look into whether firms maintain proper records of employee pay and working conditions.
“The exercise will enlighten the public and private employers and organisations on the economic benefits in 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 organisations 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 stated that the Ministry of Labour and Employment, as well as the Ministry of Finance and National Planning, would be represented on the monitoring team for the exercise.
