Recent discussions have centered around the nexus between Nigeria’s economic growth and the benefits of its minimum wage policy.
The Diplomatic Mission of the International Human Rights Commission-IHRC in Nigeria commends Nigerian Governors who have initiated the implementation of the new minimum wage, signed into law by President Bola Tinubu in July 2024 and encourages them to uphold equitable and sustainable practices.
H.E. Ambassador Dr. Duru Hezekiah, the Commission’s Ambassador-at-Large and Head of Diplomatic Mission in Nigeria, issued this statement on Friday, November 8, 2024, in Abuja, through a correspondence released to the press, stressing that the minimum wage increase in Nigeria is a step towards improving employee living standards and reducing poverty.
He said, “The International Human Rights Commission-IHRC extends its heartfelt commendation to Nigerian Governors Francis Ogbonna Nwifuru of Ebonyi State, Seyi Makinde of Oyo State, Sheriff Oborevwori of Delta State, Muhammad Yahaya of Gombe State, and others, for their exemplary commitment to implementing minimum wage in their respective States, showcasing their unwavering commitment to serving the public interest”.
Given the prevailing economic hardship in Nigeria, Dr. Duru pointed out that the wage increase is expected to provide affected employees with enhanced disposable income to satisfy basic requirements and augment their overall well-being, encouraging other state governors to emulate it.
“Similarly, businesses that offer higher wages create a more attractive work environment, encouraging employees to stay longer and reducing turnover rates”, he maintained.
He underscored the vital need for equitable and sustainable practices in implementing the minimum wage, emphasizing how this benefits workers, businesses, and the economy, and urged Governors to embrace it.
Recall that the country recently increased its minimum wage from ₦30,000 to ₦70,000, marking a 133% increase. This change aims to enhance the income of low-income households, ultimately improving their living standards and enabling them to meet essential needs.
Reported:
Fidelis Onakpoma
Head Media and Strategic Communications IHRC Nigeria
l commend some of the state Governors who have commenced implementation of the new Minimum wage as this meets the economic reality of the Nation.
it can only get better