The Federal Government and the Labour Union have signed a Memorandum of Understanding on the ₦70, 000 new minimum wage.
According to a statement released on Friday by the Office of the Head of Public Service of the Federation and signed by Eno Olotu, Head of Information and Public Relations, the committee on public servant wages has decided that the new minimum wage will take effect on July 29, 2024.
The resolutions made after the committee’s Friday meeting in Abuja included the agreement.
The committee recommended that the pay award, which the Federal Government terminated, be paid until July 28, 2024, according to the statement.
The committee, chaired by Didi Walson-Jack, the Federation’s Head of Civil Service, observed that the administration considered the nation’s economic climate when making decisions.
Following the signing, Walson-Jack, who also served as the Committee Chairman, gave a speech in which he thanked the members for their meticulous work on the given assignment.
The HCSF stated, “The Government and the Trade Union have reached a consensus over the Salary Adjustments that will result from the implementation of the new N70,000 minimum salary.
She also said that each member had given the MOU some thought and had signed a copy. They then turned the papers along to the representatives of the opposing parties to wrap up the process.
The signed copy of the MOU will now be sent to the Federal Government for additional action, she said, calling the assignment the shortest and most peaceful negotiations to date.
