The Federal Government has granted approval for a substantial salary hike, ranging from 25 to 35 percent, for key sectors including police officers, armed forces personnel, and public servants.

The announcement was made by the National Salaries, Incomes and Wages Commission and will take effect from January 1, 2024. This salary increase encompasses six consolidated salary structures, covering civil servants, researchers, police, paramilitary personnel, intelligence community workers, and members of the armed forces.

In addition to the salary adjustments, pensioners under these structures will also experience significant raises, with pension increases ranging from 20 to 28 percent. This decision aligns with the constitutional provisions outlined in Section 173(3) of the 1999 Constitution of Nigeria (as amended).

The approval comes after extensive negotiations, during which there were discussions regarding a proposed 40 percent salary increase. However, an agreement was reached to implement raises ranging between 25 and 35 percent.

This move addresses longstanding appeals from Nigerian civil servants for improved compensation. Similarly, labor unions have been advocating for a substantial increase in the minimum wage nationwide.

Initially, the Nigeria Labour Congress proposed a monthly minimum wage of N615,000, while the Trade Union Congress suggested figures ranging from N447,000 to N850,000, depending on the region.

These demands stem from concerns over rising inflation and the high cost of living, exacerbated by recent events such as the electricity tariff hike.

Negotiations are ongoing, with the NLC revising its demands downwards to around N500,000, while considering proposals from their state chapters.

A final decision on the minimum wage is expected to be made by May 1, 2024, coinciding with May Day.