Minimum wage computation ready for Junior federal workers

There are indications that federal junior workers may start receiving their new wages soon because the consequential computation is ready.

 

According to a report by Nation Newspaper quoting a presidential source, the National Salaries, Incomes, and Wages Commission (NSIWC) completed the computation for a new minimum wage for junior federal workers. Those in the senior cadre will be ready in two or three weeks.

 

The source said both data would be collectively forwarded to the Office of the Accountant General of the Federation (OAGF) for further processing and implementation.

 

The source added that the NSIWC is waiting for the conclusion of negotiations between the Nigeria Labour Congress (NLC) and Trade Union Congress(TUC) on one side and the federal government on the other to ensure that workers’  remuneration were proportionately aligned with the new minimum wage, known as consequential adjustment.

 

Junior workers are those on grade levels one to five while senior staff members are those on six and above, depending on the organisation.

 

The Presidency source explained that the computations were being done to ensure a seamless rollout of the new wage structure, which is expected to  bring relief  to workers , particularly those in the junior cadre.

 

 

Junior workers, who  are  the primary beneficiaries of the recent wage adjustment   will have their monthly earning rise from the current N30,000 to N70,000.

 

The Presidency source said: “The details for levels one to five have been computed and will be forwarded to the Accountant General’s office very soon

 

‘’The consequential adjustment is a critical component of the new wage structure, stemming from the recent agreement between the Federal Government and labour unions. This adjustment will determine the new salary scales for workers above grade level five, ensuring that their remuneration is proportionately aligned with the new minimum wage.

 

 

“The deliberations between labour leaders and the government are ongoing. They are working to agree on the percentage increase that will apply to different categories of workers as part of the consequential adjustment. Once finalised, these adjustments will be forwarded to the National Salaries, Incomes, and Wages Commission for computation.”

 

 

He added: “We are awaiting the details from the National Salaries, Incomes, and Wages Commission to determine the total wage bill under the new minimum wage.

 

 

“This will allow us to assess the financial implications and ensure that all federal employees are paid in accordance with the new law.

 

Before the new  N70,000 minimum wage,   Federal Government’s monthly wage bill was estimated at approximately N265 billion. The figure encompasses salaries for the armed forces, civil servants, and all other personnel on the federal government payroll.

 

With the new wage adjustments, this figure is expected to rise significantly, underscoring the importance of precise calculations by the OAGF.