Lagos State Government has stated its readiness to pay workers in its employ, a minimum wage of N85,000. The new amount is N15,000 higher than the N70,000 approved by the Federal Government in July.
The State Governor, Babajide Sanwo-Olu announced this during an interview on Channels Television’s Politics Today on Wednesday.
He said the State is not paying N85,000 to compete with others. But because it has the capacity to do so.
“I am glad to let you know that the minimum wage for Lagos which we conversed and discussed with our union is N85,000 today,” Sanwo-Olu said.
“It is not a competition. So, I am not going to say we are paying more than some other people. It is a function of affordability and it is a function of capacity. But we know too well that when people live in Lagos, Lagos has a premium in terms of even the cost of living. We are fully aware,” the Governor stated.
Recall that President Bola Tinubu signed the new N70,000 minimum wage bill into law in July.
The new minimum wage, therefore, brought to an end, months of deliberations between Government representatives, Organized Labour and the Organized Private Sector.
source: The Nation
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