Oyo Govt To Begin Payment Of N80,000 Minimum Wage January
Reported by Ayooluwa Afolabi
Oyo State Governor, Engr. Seyi Makinde, has announced that his government will commence the implementation of the N80,000 minimum wage for workers in the state from January 2025.
This decision was reached at the meeting between the state government and the leadership of the organized labour in the state.
According to the Commissioner for Information and Orientation, Prince Dotun Oyelade, the new minimum wage salary structure will take effect nominally from July 1, 2024, but financially from January 1, 2025.
This means that workers will start receiving the new salary in January 2025, while those who retire between July 1st and December 31, 2024, will have their retirement benefits calculated based on the new minimum wage.
The agreement between the Oyo State Government and organized labor is a promising move toward enhancing the well-being of workers in the state.
The implementation of the new minimum wage marks a significant development for workers in Oyo State, as they will start 2025 with an updated salary scale. Additionally, they will continue to receive the customary 13th-month salary, a benefit they have enjoyed since 2019 under Governor Seyi Makinde's administration.
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