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Home Economy

Lagos State to Raise Minimum Wage for Civil Servants to N85,000 –Sanwo-Olu

Victoria Attah by Victoria Attah
October 17, 2024
in Economy, Wealth
Reading Time: 2 mins read
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The Lagos State government has announced plans to raise the minimum wage for civil servants to N85,000, surpassing the federal government’s approved rate of N70,000. Governor Babajide Sanwo-Olu made this disclosure during an interview on Channels Television, where he outlined his administration’s strategies to improve living conditions in the state.

Governor Sanwo-Olu emphasized that the decision to raise the minimum wage was driven by Lagos’s high cost of living and the state’s ability to afford the increase. He explained that while Lagos is not in competition with other states, the unique financial demands faced by residents necessitated a higher wage.

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“We’ve discussed this with our unions, and I’m happy to announce that the minimum wage for Lagos is now N85,000,” the governor stated. “This isn’t about competition but about affordability and the realities of living in Lagos.”

In addition, Sanwo-Olu hinted at the possibility of further wage increases in the near future, saying, “We increased salaries earlier this year and, if all goes well, I hope to raise the minimum wage to N100,000 by January.”

 Focus on Transport and Infrastructure

The Governor also discussed his administration’s plans to expand Lagos’s transport network, particularly in the area of rail. He highlighted the government’s ambition to connect all five districts of Lagos through rail transport, aiming to ease congestion and improve mobility across the city.

Background on Minimum Wage Increases

The Lagos State wage increase follows President Bola Tinubu’s decision in July 2024 to raise the national minimum wage to N70,000. This move was prompted by rising inflation and the increased cost of living due to the removal of petrol subsidies and the devaluation of the naira. Nigeria’s inflation rate reached a 28-year high of 34.19% in mid-2024, with food inflation exceeding 40%.

Governor Sanwo-Olu’s announcement comes as part of his broader efforts to mitigate the impact of economic challenges on Lagos residents, reinforcing the state’s commitment to improving workers’ livelihoods.

Looking Ahead

With further potential increases in January 2025, Lagos continues to position itself as a leader in progressive wage policies, ensuring that its civil servants are better equipped to cope with the challenges posed by the high cost of living in the state.

Tags: 000Babajide Sanwo-OluLagos Stateminimum wageN85
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