Close Menu
  • Home
  • About
  • Contact
  • Articles
  • News
  • Events
  • Tech
  • Start Up
  • Spotlight
  • Marketing
  • Strategy
  • Management
  • Profitability
  • Interviews
  • Leadership
  • Entrepreneurship

Subscribe to Updates

Get the latest business news, articles, tips and interviews to develop your business IQ!

What's Hot

Orekoya Adebisi’s Business Empire: A Story of Grit and Growth

June 17, 2025

Kiara De-Luke Academy Partners with Aba Artisans to Boost Local Fashion Industry

June 17, 2025

BudPay Launches ‘The Legacy Project’ to Celebrate Fatherhood and Generational Business Leadership

June 17, 2025
Facebook X (Twitter) Instagram YouTube LinkedIn TikTok
  • Home
  • About
  • Articles

    Orekoya Adebisi’s Business Empire: A Story of Grit and Growth

    June 17, 2025

    Kiara De-Luke Academy Partners with Aba Artisans to Boost Local Fashion Industry

    June 17, 2025

    BudPay Launches ‘The Legacy Project’ to Celebrate Fatherhood and Generational Business Leadership

    June 17, 2025

    Dangote Refinery to Launch Nationwide Fuel Distribution with 4,000 CNG Tankers by August 2025

    June 17, 2025

    Vendease Faces Crisis Amid Salary Cuts, Debt Defaults, and Strategic Pivot

    June 17, 2025
  • Contact
    • Login
Facebook X (Twitter) Instagram YouTube TikTok LinkedIn
naijapreneur™
#40Under40NaijaCEOs
  • News

    Orekoya Adebisi’s Business Empire: A Story of Grit and Growth

    June 17, 2025

    Kiara De-Luke Academy Partners with Aba Artisans to Boost Local Fashion Industry

    June 17, 2025

    BudPay Launches ‘The Legacy Project’ to Celebrate Fatherhood and Generational Business Leadership

    June 17, 2025

    Dangote Refinery to Launch Nationwide Fuel Distribution with 4,000 CNG Tankers by August 2025

    June 17, 2025

    Vendease Faces Crisis Amid Salary Cuts, Debt Defaults, and Strategic Pivot

    June 17, 2025
  • Events

    June 2025 Nigeria Business Events Roundup

    June 1, 2025

    MINE Fest 2025 to Host Stakeholders Engagement & Press Conference Ahead of Landmark Event

    May 19, 2025

    Founder Institute Lagos Presents: Angels & Demons – Surefire Tips for Raising Your First Angel Round

    May 3, 2025

    May 2025 Nigeria Business Events Roundup

    May 1, 2025

    Sunday Ozomah Launches Groundbreaking Book on Oil and Gas Insurance in Nigeria

    April 14, 2025
  • Entrepreneurship

    How the Winklevoss Twins Turned a $65 Million Loss Into a $3 Trillion Revenge Play

    June 14, 2025

    How Charlie Munger Overcame Tragedy and Built a $2 Trillion Empire

    June 14, 2025

    How GoPro Went From $11 Billion to Near Bankruptcy: A Cautionary Tale for Entrepreneurs

    June 14, 2025

    Don’t Hate the Game. Learn the Map.

    May 20, 2025

    15 Books Recommended by 15 Billionaires

    March 5, 2025
  • Marketing
    1. e-Marketing
    2. View All

    A Christmas GIFT For Entrepreneurs!

    December 17, 2013

    Free Website CONTENT Review: Does your website SPEAK the language of your TARGET customers?

    September 30, 2013

    e-Commerce FAQs: 8 Frequently Asked Questions About Selling Online

    July 15, 2013

    CASE STUDY: How I Made Close To 1Million In Sales Within 3 Months Of Selling Online!

    May 13, 2013

    Using Customer Data and Insight to Fuel Business Success

    May 22, 2025

    The Conversational AI Marketing Showdown: The Future of Marketing or Just Smart Hype? Balancing Innovation with Tradition.

    March 11, 2025

    From Jollof Rice to Joyful Sales: How to Captivate Nigerian Customers This Christmas

    November 20, 2024

    Catching Them Young: A CSR Guide for Brands Building Lifelong Connections with Youth

    October 28, 2024
  • Start Up

    Securing The Bag: Founders’ Tips to Securing Grants and Investments (Part 2)

    May 27, 2025

    Don’t Hate the Game. Learn the Map.

    May 20, 2025

    Securing the Bag: Founders’ Tips for Getting Grants and Investments (Part 1)

    February 21, 2025

    Setting Up a Cryptocurrency Company in Nigeria

    February 6, 2025

    FG Launches iDICE Academy: Unlocking Youth Potential in Nigeria’s Digital Economy

    January 18, 2025
  • Management
    1. Profitability
    2. View All

    5 Strategies for Reinvesting Profits to Grow Your Business

    March 20, 2015

    The MOST IMPORTANT Word In Business

    March 31, 2014

    5 Ways To Reduce Inventory Costs And Boost Profitability

    February 21, 2014

    How To Save Your Business From Self-Inflicted Financial CRISIS!

    June 17, 2013

    Compliance in Nigeria: Data Protection Directives for Businesses

    April 10, 2025

    The Science Behind Recruitment

    September 24, 2024

    Effective Decision Making Checklist for Every Entrepreneur

    July 1, 2014

    Outsourcing Checklist For Entrepreneurs: How To Know When To Outsource

    December 9, 2013
  • Strategy

    How to Stay Competitive in the Digital Era

    March 25, 2025

    Nigeria Cement Market Review 2019-2024 and Forecasts 2025-2029.

    March 14, 2025

    Eight prudent ways to invest your 13th-month pay

    January 6, 2025

    Catching Them Young: A CSR Guide for Brands Building Lifelong Connections with Youth

    October 28, 2024

    The SHOW UP Strategy: How to Attract Paying Clients in Tough Economic Times

    October 15, 2024
  • Leadership

    LEADERSHIP CHECKLIST: 4 Critical Things Every Leader Needs To Do For Their Team

    November 25, 2013

    Business Mastery: The Unusual Qualities Of Highly Successful Entrepreneurs

    October 31, 2011

    The Golden Rule Of Business

    July 18, 2011

    EAGLE EYE LEADERSHIP: the Principle of Focus and Priority

    November 15, 2010

    How To Create A Compelling Vision For Your Organization

    August 29, 2010
  • Interviews

    Nwoke: How Technology Can Restore Market Pricing Integrity for Small Businesses.

    March 14, 2025

    Unusual Entrepreneur Interview with Connor Gillivan of eCommetize.com

    June 13, 2016

    Unusual Entrepreneur Interview with Michael Fratkin of ResolutionCare.com

    August 3, 2015

    Unusual Entrepreneur Interview with Walter Emiedafe of SapientVendors.com.ng

    June 1, 2015

    Unusual Entrepreneur Interview Questions With Dave Schneider of NinjaOutreach.com

    May 18, 2015
naijapreneur™
Home»News»FG explains minimum wage July 29 backpay
News

FG explains minimum wage July 29 backpay

Mary Osisanya-BelloBy Mary Osisanya-BelloSeptember 26, 202404 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email Telegram WhatsApp
Follow Us
Facebook X (Twitter) Instagram YouTube LinkedIn TikTok
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link WhatsApp

The Federal Government through the National Salaries, Incomes and Wages Commission has stated that the payment of the new minimum wage will commence from July 2024.

The NSIWC Chairman, Ekpo Nta, said this during a press briefing on Tuesday in Abuja.

The commission stated that this was because the date in question was when the President approved the bill after the National Assembly passed it.

The development is contrary to an earlier statement by the Minister of State for Labour, Nkiruka Onyejeocha, that the payment would commence on May 1, 2024.

It also means that the government would only pay an arrears of two months only if it begins payment by the end of October.

This was as it announced the approval of the revision of the Consolidated Public Service Salary Structure and other salary structures.

Last week, the Committee on Consequential Adjustments in Salaries for civil servants met on Friday as regards the new minimum wage template and agreed that the effective date for implementation of the new minimum wage be set at July 29, 2024.

The committee also recommended that the wage award which was discontinued by the government should also be paid up till July 28, 2024.

The committee headed by the Head of Civil Service of the Federation, Didi Walson-Jack, noted that the government took note of the economic situation in the country before it took its decisions.

But reacting in an interview with the Head of Information of the Nigerian Labour Congress, Benson Upah, faulted the decision of the government, describing it as unacceptable.

“The backdating to July is not fair. It is not acceptable,” he said.

He said since the Minister of State for Labour, Nkiruka Onyejeocha, had told workers on May Day that the new minimum wage would take effect in May, it was unfair for the government to renege on the promise.

However, giving reasons for the change at the press briefing in Abuja on Tuesday, the NSIWC chairman said, “The President has approved the revision of the Consolidated Public Service Salary Structure with effect from July 29, 2024.

“The commission wishes to clarify that the effective date for the commencement of the National Minimum Wage is the 29th of July, 2024 as that was the day Mr President assented to the act after the bill was forwarded to him by the National Assembly.”

He added that any federal public service, whether self-funded or treasury funded that had not received a circular to this effect, specifically from the NSIWC, should contact it for further directives.

Nta said, “This is to avoid an uncoordinated implementation which tends to destroy the existing salary relativities in the federal public service.”

He said that NSIWC would issue further directives on how pensioners, NYSC members and interns would benefit from the implementation.

The chairman listed other revised templates to include Consolidated Research and Allied Institutions Salary Structure, Consolidated Universities Academic Salary Structure and Consolidated Tertiary Institutions Salary Structure II.

He said others were: The Consolidated Polytechnics and Colleges of Education Academic Staff Salary Structure, Consolidated Tertiary Educational Institutions Salary Structure and Consolidated Medical Salary Structure.

Nta named others to include: Consolidated Health Salary Structure, Consolidated Para-Military Salary Structure and Consolidated Police Salary Structure.

The rest were: Consolidated Intelligence Community Salary Structure and Consolidated Armed Forces Salary Structure.

“This is consequent to the enactment of the NSIWC Amendment Act 2024 and the Memorandum of Understanding reached by the committee on consequential adjustments in salaries arising from the National Minimum Wage (Amendment) Act, 2024.

”Between the Federal Government of Nigeria and the Trade Union sides of the Joint National Public Service Negotiating Council Sept. 20,” Nta concluded.

Also, the National Vice President of the Trade Union Congress, Timmy Etim, criticised the government’s move.

Share. Facebook Twitter Pinterest LinkedIn Email Copy Link WhatsApp
Mary Osisanya-Bello
  • Website

I am an accountant by profession and a business writer. I'm passionate about tech and how it is a big enabler of business growth.

Related Posts

Orekoya Adebisi’s Business Empire: A Story of Grit and Growth

June 17, 2025

Kiara De-Luke Academy Partners with Aba Artisans to Boost Local Fashion Industry

June 17, 2025

BudPay Launches ‘The Legacy Project’ to Celebrate Fatherhood and Generational Business Leadership

June 17, 2025
Add A Comment
Leave A Reply Cancel Reply

Business Events in Nigeria
Nigeria Business Events Roundup
#40Under40NaijaCEOs
Demo
Latest Posts

Orekoya Adebisi’s Business Empire: A Story of Grit and Growth

June 17, 2025

Kiara De-Luke Academy Partners with Aba Artisans to Boost Local Fashion Industry

June 17, 2025

BudPay Launches ‘The Legacy Project’ to Celebrate Fatherhood and Generational Business Leadership

June 17, 2025

Dangote Refinery to Launch Nationwide Fuel Distribution with 4,000 CNG Tankers by August 2025

June 17, 2025

Vendease Faces Crisis Amid Salary Cuts, Debt Defaults, and Strategic Pivot

June 17, 2025
1 2 3 … 391 Next
Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • Instagram
  • LinkedIn

Subscribe to Updates

Get the latest business news, articles, tips and interviews to develop your business IQ!

Most Trending

EBID Approves €230m and $10m to Boost Infrastructure and Private Sector Growth in West Africa

April 11, 2025

#40Under40NaijaCEOs: Meet The 40 Under 40 Nigerian CEOs in 2024

September 2, 2024

NECA, Customs Forge Stronger Alliance to Boost Trade and Economic Growth

April 11, 2025
1 2 3 … 652 Next
Latest Posts

Orekoya Adebisi’s Business Empire: A Story of Grit and Growth

June 17, 2025

Kiara De-Luke Academy Partners with Aba Artisans to Boost Local Fashion Industry

June 17, 2025

BudPay Launches ‘The Legacy Project’ to Celebrate Fatherhood and Generational Business Leadership

June 17, 2025
1 2 3 … 652 Next

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook X (Twitter) Instagram YouTube LinkedIn TikTok
  • Entrepreneurship
  • Interviews
  • Marketing
  • Start Up
  • Strategy
  • Management
  • Profitability
  • Leadership
© 2025 naijapreneur™. Powered by Differentiate.Online.

Type above and press Enter to search. Press Esc to cancel.