According to the National Salaries Incomes and Wages Commission (NSIWC), a process for reviewing the National Minimum Wage has been started.
This was stated in a statement made on Sunday in Abuja by Mr. Emmanuel Njoku, the NSIWC’s Head of Public Affairs.
Njoku stated that the commission has undertaken a series of meetings and training in preparation for a countrywide monitoring of the Minimum Wage Act 2019 as part of the process to review the minimum wage, which would be required in 2024.
He said that the monitoring, which was scheduled to start on January 23, would determine the degree of compliance of both public and private enterprises and organizations.
He claims that the monitoring team would, among other things, look into whether firms maintain proper records of employee pay and working conditions.
In his statement, he said “The exercise will enlighten the public and private employers and organizations on the economic benefits in adhering to the payment of the National Minimum Wage.
“It will also help in obtaining baseline data on remuneration policies and practices of private sector organizations in order to enrich the commission’s data bank on staff compensation. “The monitoring exercise will cover the 36 states of the federation including the Federal Capital Territory,”
Njoku stated that the Ministry of Labour and Employment, as well as the Ministry of Finance and National Planning, will be represented on the monitoring team for the exercise.
He lists the National Bureau of Statistics, Office of the Accountant-General of the Federation, Budget Office of the Federation, and Head of Service of the Federation as other stakeholders.
The spokesman urged all branches of the federal, state, and municipal governments—as well as government-owned companies, businesses in the private sector, and labor unions—to work with the monitoring officers.
