Why I Increased Minimum Wage To N70,000 — Obaseki

The Latest News from Nigeria and Around the World

FILE: Edo State Governor, Godwin Obaseki speaks at a crusade in Benin City, organised by the Deeper Life church on October 29, 2023.Governor Godwin of Edo State says he increased the minimum wage in the state to reflect the current economic realities in the country.Obaseki had announced a N70,000 minimum wage, an increase from the N40,000 paid previously by his government as against the N30,000 national minimum wage.

The move had generated conversations among Nigerians but the governor said with the depreciating value of the country’s currency – the naira – and the rising cost of living, it made sense to introduce a new minimum wage for state workers. “Let us understand this new minimum wage calculation. In 2011, when the minimum wage was 18,000, the exchange rate was N160/$ and so effectively workers in Edo State were taking home about $120 as minimum wage.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

channelstv /  🏆 7. in NG

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

JUST IN: Obaseki announces N70,000 minimum wage for workersA Trusted Nigerian Newspaper
Read more »

JUST IN: Governor Obaseki Announces N70, 000 New Minimum WageThe Governor of Edo State, Godwin Obaseki, has approved a new minimum wage of N70,000 for civil servants in the state.
Read more »

Obaseki increases minimum wage to N70k in Edo, names Labour House after OshiomholeNigeria's independent online newspaper
Read more »

Minimum Wage: Amid hardship, workers’ hopes for pay rise by May Day dashedA Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc
Read more »

New minimum wage: May 1 not feasible, says TUC PresidentThe Nation Newspaper New minimum wage: May 1 not feasible, says TUC President
Read more »

May Day: Workers await new minimum wageThe Nation Newspaper May Day: Workers await new minimum wage
Read more »