Makinde Increases Minimum Wage To N80,000

SHARE THIS POST

The Oyo State Government has endorsed a minimum wage of N80,000 for the State workforce.

Revealing this in a written statement, the State Commissioner for Information and Orientation, Dotun Oyelade, mentioned that the Technical Committee set up by the State Government suggested and got approval from Governor Seyi Makinde for the execution of the new compensation scale.

He went on to say that the new scale will be carried out when the considerable changes process is completed by the committee comprising government and labour high ranking officials.

That’s what Oyelade reviewed, barely a month ago, the National Bureau of Statistics, in its most recent employment statistics published for 2024, evaluated the state as the most worker-friendly in the whole of Southern Nigeria because of a critical decrease in the state’s joblessness rate, following the high-pitched employment of workers into different sectors of the state.

“It has been noted that the Oyo State Government has been paying workers’ salaries on the 25th of each and every month since Governor Makinde took office in 2019.

“The governor started paying the previous N30,000 minimum wage from the start of his tenure over four years ago, including predictable payments of pensions, gratuities, and a 13th-month salary for both workers and pensioners alike.

“Since November 2023, Governor Makinde has been paying N25,000 to workers and N15,000 to pensioners as a welfare wage award. The Oyelade made it known that, Makinde administration acquainted the wage award to cushion the impacts of the Federal Government’s fuel subsidy removal and has remained consistent with these payments for over a year, even right up till now.”

Makinde has paid the excess of gratuities from 2008 to 2015 for pensioners, with an increase in gratuity payments for those under both the Local Government Staff Pensions Board and those paid by the Ministry of Establishment and Training, Oyelade said.

He further stated that the governor has additionally re-established pensioners whose names were taken out by the previous administration and keep on providing all pensioners with a yearly Christmas/New Year chicken reward.

ADVERTISE HERE

RELATED POSTS

Search

VIEWPOINT

Engage in the discourse with Odiawa Ai on Viewpoint, where we discover perspectives and embracing dialogue in the sphere of politics.

VIEWPOINT

Engage in the discourse with Odiawa Ai on Viewpoint, where we discover perspectives and embracing dialogue in the sphere of politics.
LEARN MORE

MARKET SQUARE

Olaitan Adebayo breaks down everything you need to know about the financial world and how you can better cater for your own financial well-being in an ever-changing economy across the country.

MARKET SQUARE

Olaitan Adebayo breaks down everything you need to know about the financial world and how you can better cater for your own financial well-being in an ever-changing economy across the country.
LEARN MORE

VEEGILANT PODCAST

Welcome to Veegilants, a podcast where we hold socio-political discussions and related matters. New Episodes drops every Friday 4 PM WAT (Nigerian time).

VEEGILANT PODCAST

Welcome to Veegilants, a podcast where we hold socio-political discussions and related matters. New Episodes drops every Friday 4 PM WAT (Nigerian time).
LEARN MORE