Minimum wage: Committee finalises work as FG, Labour sign MOU

The Federal Government and the Organised Labour has signed a Memoranda of Understanding, MOU, on consequential salary adjustments.

This was after the committee on consequential salary adjustments set up by the Tinubu administration, arising from the new Minimum Wage Act 2024, concluded its assignment.

Speaking after signing the MOU, the Head of the Civil Service of the Federation (HCSF), Mrs Didi Esther Walson-Jack, who is also the Chairman of the Committee, commended members for the painstaking effort they put in the assignment.

“Both the Trade Union and the Government sides have agreed on the Consequential Adjustments in Salaries arising from the new minimum wage of N70,000,” she said.

The HCSF also disclosed that all the members considered the MOU and have all signed copies, concluding the exercise with handing over copies to representatives on both sides.

Advertisement

She described the assignment as the shortest and most peaceful negotiations thus far, adding that the signed copy of the MOU would now be forwarded to the Federal Government for further action.

In his remarks, the National Chairman of the Joint Negotiating Council, Comrade Benjamin Anthony, representing the Trade Union Congress, commended the HCSF and expressed satisfaction with the committee’s work done.