BREAKING: Godwin Obaseki increases minimum wage to N70,000 from N40,000

The Edo State Governor, Godwin Obaseki, has ordered the increase of minimum wage for workers in the state from N40,000 to N70,000

The announcement was made by the governor while speaking at the commissioning of the newly built ultra-modern Labour House secretariat complex for labour unions in the state, along Temboga Road, Ikpoba-Hill, Benin City on Monday, April 29, 2024.

Governor Obaseki said the new minimum wage in the state will take effect from May 1, 2024.

Recall the Nigeria Labour Congress, NLC, and Trade Union Congress, TUC, have been pushing for a new minimum wage for workers across states.

Vanguard reports this on the heels of the hardship occasioned by the economic reforms of President Bola Tinubu’s administration.

The removal of subsidy on petrol and unification of the forex windows in 2023, immediately led to food inflation and a spike in the prices of other goods and services.

Meanwhile, the national minimum wage has been pegged at N30,000 since April 18, 2019.

However, this sum has been described as “grossly inadequate” and “poverty wage” in the face of prevailing economic hardship.

More details coming on the minimum wage announced by Obaseki.