Wednesday, March 16, 2011

Jonathan Signs New Minimum Wage Act

> Inflation rate declines by 11.1%
Henceforth, employers of labour  in both public and private establishments in Nigeria are expected to pay N18,000 as minimum wage to their workers. Reason: President Goodluck Jonathan has signed the N18,000 National Minimum Wage into law.The new wage law states that once an employer in the public or private sector has a workforce of about 50 persons, he or she is bound by the law to pay a minimum wage of N18,000.

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