In a recent development concerning the implementation of Nigeria’s new minimum wage, certain categories of organizations have been exempted from the mandatory payment of N70,000 per month to their workers.
This decision follows an agreement reached between Organised Labour and the Federal Government, aiming to establish a fair pay system across the country.
A 10-member sub-committee of the tripartite committee has outlined specific criteria for exemptions, targeting businesses that fall under various categories.
These include nano businesses, which are operated by 1-3 individuals with capital below N50,000, and micro enterprises employing 10 or fewer staff members.
Additionally, newly established companies, those in operation for no more than three years, and establishments with annual revenues under N200 million are also exempted from the new wage regulation.
Industries where employee remuneration is governed by other acts of the national assembly, and businesses deemed justified by the Minister of Labour and Employment or the Executive Chairman of the National Salaries, Incomes, and Wages Commission may qualify for exemption as well.
Senate President Godswill Akpabio had earlier stated that the minimum wage mandate extends broadly to cover employers in small-scale and informal sectors.
This includes employers of domestic workers, tailors, drivers, and other similar roles, ensuring that no worker under these categories is paid below N70,000 monthly.
