The National Salaries Incomes and Wages Commission (NSIWC) has called on all Federal, State and Local Government Ministries Departments and Agencies, Government owned Enterprises, private sector establishments and Labour Unions to cooperate with the Monitoring Officers in the forthcoming Nationwide Monitoring of the Implementation of the National Minimum Wage Act 2019.
The exercise which begins nationwide from Monday 23rd of January 2023 is aimed at ascertaining the level of ability to pay and compliance of Public and Private employers/organizations that are liable in line with provisions of the 2019 Minimum Wage Act: with for the payment of the monthly minimum wage of N30,000, and to ensure that employers keep adequate records of wage/conditions of service of employees.
A statement signed by the Head, Public Affairs, Emmanuel Njoku says the exercise will also enlighten the public and private employers/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 exercise according to the statement will enable the Commission obtain information that will aid the process of the next National Minimum Wage review which will be due after 5 years, that is in 2024, as stipulated by the 2019 Act.
The monitoring exercise will cover the thirty six (36) States of the Federation including the Federal Capital Territory, FCT.
The monitoring team members are drawn from key stakeholders, including, Federal Ministry of Labour and Employment, Federal Ministry of Finance and National Planning, Head of Service of the Federation, Office of the Accountant-General of the Federation, Budget Office of the Federation and National Bureau of Statistics.
