Minimum Wage or salary increase?
Salary increase is not necessarily establishment of the National Minimum Wage. When you say minimum wage, you must put national to differentiate it because every sector and establishment has its minimum pay, and that can be regarded as the minimum wage…but the National Minimum Wage is the one established by law, and is enforced in the country for both public and private sector for any employer with 50 staff and above. That is the National Minimum Wage. The current value of the National Minimum Wage is N5,500, which was established in 2000. Between that year and now, the minimum salary in the various sectors of the economy and among states and Federal Government has gone up. The Federal Government, until the recent increase, had taken salaries up to N11,132 from N7,500. That is above the National Minimum Wage of N5,500 of 2000. So, this time around, to review the National Minimum Wage, a special committee was set up and called ‘Tripartite Committee’ because it contains three segments
