In a recent development, the Nigerian government has confirmed that it will clear the remaining five months of arrears for civil servants’ N70,000 minimum wage. This long-awaited payment comes as part of the government’s effort to fulfill its commitment to workers affected by the rising cost of living.
But why did it take so long for the arrears to be paid? What does this payment mean for the future of federal workers, and how will it impact the economy?
The payment, totaling N175,000 per worker, is the final installment of a wage award introduced to help mitigate the effects of economic reforms such as the fuel subsidy removal and the devaluation of the naira. While workers had already received part of the arrears, many voiced concerns over the delays.
With the Office of the Accountant-General of the Federation now confirming that the outstanding balance will soon be paid, it seems that tensions are beginning to ease. But what comes next for Nigeria’s workforce?
Stay tuned to explore how this development could reshape the relationship between the government and its employees, and what it could mean for the broader economy in the coming months.