/

Nigeria government workers get 35% salary increases

Nigeria government workers get 35% salary increases
People queue to use the automated teller machine (ATM) in front of First bank along a road in Apapa district in Lagos,Nigeria July 28, 2016 | Reuters

has announced a significant increase in salaries for government employees, ranging from 25% to 35%, effective from January this year. The move comes amidst the country's most severe cost of living crisis in nearly three decades.

According to the National Salaries, Incomes and Wages Commission, the lowest-paid government worker will now earn 450,000 naira ($323.97) annually or 37,500 naira monthly. This adjustment applies to all federal government workers, including those in crucial sectors such as health, education, and security.

Meanwhile, negotiations are ongoing with labour unions regarding a new national monthly minimum wage, last reviewed in 2019.

Nigeria is grappling with an of 33.20%, the highest in 28 years, triggered by the removal of a popular petrol subsidy and foreign currency controls, leading to a weakened national currency, the naira.

To alleviate pressure on public finances, the government has also recently increased electricity tariffs for some consumers, as part of broader economic reform measures aimed at reducing subsidies.

  • Reporting by Felix Onuah; Writing by MacDonald Dzirutwe; Editing by Cynthia Osterman

Leave a Reply

Your email address will not be published.