FG's N35k Wage Increase to Be funded via Treasury &IGR -Commission

The National Salaries, Incomes and Wages Commission disclosed that the N35,000 per month wage increase for FG Ministries, Departments and Agencies will be financed directly from the national treasury.
President Tinubu
President Tinubu Google photos

Mr. Ekpo Nta, who serves as the Chairman and Chief Executive Officer (CEO) of NSIWC, announced this through a circular issued by the Commission in Abuja. Nta clarified that this financial support is specifically designated for offices that receive funding from the treasury.

On the other hand, non-treasury-funded Federal Government agencies will be responsible for implementing this wage increase using their Internally Generated Revenue (IGR) or statutory allocations.

This approach ensures that the financial burden of the wage award is distributed according to the funding sources of the various government entities, with treasury-funded offices benefiting directly from the government's financial resources, while others utilize their internally generated funds and statutory allocations to honor the wage increase.

“I refer to the Memorandum of Understanding reached between the Federal Government of Nigeria and the Nigeria Labour Congress (NLC) and Trade Union Congress of Nigeria (TUC) on Oct, 2.

“As a result of the dispute arising from thewithdrawal of subsidy on the price of premium motor spirit (PMS).“I hereby convey the approval of President Bola Tinubu for the grant of a wage award of N35,000 only per month to all Federal Government workers with effect from September 1.“Pending when a new national minimum wage is expected to have been signed into law,’’ Nta said.

According to him, enquiries concerning the circular should be directed to the commission.

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