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The unions demanded an increase in the monthly minimum wage from ₦30,000 to ₦494,000. [1] [3] [4] The NLC stated that its aims were to establish a "living wage" and described the current minimum wage as a "starvation wage". [5] They also demanded the reversal of the government's electricity tariff hike, which had caused a rising price of ...
Nigerian labour law looks into the rights, working conditions, minimum wage, termination clauses, and many other rules set by the government of Nigeria. The current version of the act was put into place in 2004, five years after their current constitution was established. [1] A group of men in Africa ploughing with oxen.
18 July – The Nigeria Labour Congress, the Trade Union Congress, and the Nigerian government agree on a new minimum wage of ₦70,000 (US$43) per month, ending prolonged negotiations amid high inflation and a weakening currency. [28] 26 July–11 August – Nigeria at the 2024 Summer Olympics [29]
Looking ahead: Again, the minimum wage in Tennessee hasn’t budged since 2009, when the current federal minimum wage of $7.25 took effect. An effort to boost the state’s minimum wage to $12 by ...
Although the federal minimum wage will remain the same, workers across 25 states will receive more money in their paychecks this year thanks to an increase in their state's minimum wage. See:...
In 2005, Nigeria posted a US$26 billion trade surplus, corresponding to almost 20% of gross domestic product. In 2005, Nigeria achieved a positive current account balance of US$9.6 billion. The Nigerian currency is the naira (NGN). As of June 2006, the exchange rate was about US$1=NGN128.4. As of June 2019, it stands at US$1 =NGN357.
The current minister is Muhammadu Maigari Dingyadi as minister of Labour and Employment and Nkiruka Onyejeocha as the minister of State for Labour and Employment. Hassan Muhammed Lawal was appointed Minister of Labour in 2003, and was reappointed by President Umaru Yar'Adua in July 2007. [ 2 ]
Beginning in 2030, the state's minimum wage would rise each year at the same rate as the cost of living, as measured by the U.S. Department of Labor’s Consumer Price Index.