Oyo State Government and the Organised Labour on Wednesday reached an agreement on the N30,000 minimum wage passed into law by the Federal Government in 2019.
A statement signed by the Chief Press Secretary to Governor Makinde, Mr. Taiwo Adisa, confirmed that the pact was reached following a meeting between the State government’s delegation and the organized Labour.
The new Minimum wage according to the agreement takes effect from January 2020.
InsideOyo.com looks at five highlights from the Oyo govt-Labour agreement on minimum wage:
- The least paid worker in the State will earn N30,000 but it will be review every three months depending on state’s financial abiility.
- The agreement takes effects January 1st 2020 while arrear of January will be paid in March 2020.
- The minimum wage is applicable to all the Ministeries, departments, agencies of government, parastatals and primary school teachers in Oyo state.
- The current tax regime in the state should be maintained and maintain all special and existing allowance.
- Negotiation on Tertiary Institutions Salary structure should be concluded before the next adjournment date.