₦80,000 Minimum Wage To Take Effect In January -Oyo Govt
Written by News Desk on December 17, 2024
Government workers in Oyo State will begin to enjoy the ₦80,000 minimum wage from January 2025.
A statement from the Commissioner for Information and Orientation, Prince Dotun Oyelade, says the Oyo State Government has reached an agreement with organized labour on the implementation of the minimum wage and consequential adjustments.
Reaching the agreement, the Secretary to the State Government, Professor Olanike Adeyemo and the Head of Service, Mrs Olubunmi Oni, led others in signing for Government while Comrade Kayode Martins of the NLC and Comrade Bosun Olabiyi of the TUC alongside other labour leaders signed for the organised labour.
The negotiating council agreed that the new minimum wage salary structure shall be effective nominally from July 1st, 2024 but financially from January 1st, 2025.
According to the Commissioner, those who retire between July 1st and December 31st 2024 will have their retirement benefits calculated on the basis of the new minimum wage.
The statement implores all ministries and extra-ministerial departments to be more aggressive in their revenue generation drive to significantly improve the IGR of the State.
