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Nigeria will review its national minimum wage in less than two years due to high inflation.
Nigeria's Minister of State for Labour and Employment, Nkeiruka Onyejeocha, announced that the national minimum wage will be reviewed in less than two years, a reduction from the initially planned five-year cycle.
This aligns with President Bola Tinubu's commitment to reviewing the minimum wage every three years.
The announcement comes amid rising inflation, which reached 34.60% in November 2024.
Onyejeocha urged labor leaders to ensure peace and stability in the workplace, aiming for a strike-free year.
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Nigeria revisará su salario mínimo nacional en menos de dos años a causa de la elevada inflación.