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HomeMetro NewsNigeria approves significant increase in military, police and public sector wages

Nigeria approves significant increase in military, police and public sector wages

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The Federal Government has given the nod to a substantial increase ranging from 25 to 35 percent in the salary structures of key public sector personnel, including police officers, armed forces personnel, and civil servants, among others.

This decision, announced through the National Salaries, Incomes, and Wages Commission on Tuesday, comes into effect from January 1, 2024, ushering in a new era of financial empowerment for these essential workers.

Head of Press at the NSIWC, Emmanuel Njoku underscored the significance of this development, stating that the approved increase applies to civil servants under six consolidated salary structures, encompassing various segments of the public sector.

These structures include the consolidated public service, research institutions, police, para-military, intelligence community, and armed forces salary structures.

Notably, this latest move builds upon previous increases implemented in the tertiary education and health sectors, ensuring equitable distribution of financial benefits across various segments of the workforce.

Increases in pension benefits for pensioners under the Defined Benefits Scheme are also on the cards, ranging from 20 to 28 percent, further enhancing the welfare of retired public servants.

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Prior to this decision, negotiations had been underway, with civil servants advocating for a substantial raise to cope with the rising cost of living and inflationary pressures.

Although initial discussions centered around a 40 percent increase, consensus was reached on a range between 25 and 35 percent, aligning with prevailing economic realities.

Meanwhile, Nigerian labour unions continue to press for an upward revision of the minimum wage, citing the need to mitigate the impact of escalating living costs.

Proposals ranging from N447,000 to N850,000 have been put forward, reflecting the diverse economic landscapes across different regions of the country.

As negotiations evolve, unions are recalibrating their demands in light of recent developments, including hikes in electricity tariffs.

With talks ongoing, a final decision is anticipated by May 1, 2024, underscoring the urgency and importance of addressing the financial well-being of workers nationwide.

(Edited by Oludare Mayowa; omayowa@globalfinancialdigest.com; Newsroom: +234 8033 964 138)

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