Sign in Subscribe
Workers

Imo State Approves New Minimum Wage of N104,000 for Civil Servants

Strategic Insights

— 1 min read

Governor Uzodimma of Imo State has approved a new minimum wage of N104,000 for civil servants, one of the highest in the country. The announcement was made during a meeting with labour union leaders at the Government House in Owerri, as part of the administration's commitment to workers' welfare and economic growth. The wage increase is a result of the state's improved financial standing, with internally generated revenue growing from N400 million to over N3 billion monthly. The governor also praised President Tinubu's removal of fuel subsidy, which has increased allocations to states and created room for reforms.

Key Takeaways:

  • The new minimum wage of N104,000 is one of the highest in the country, making Imo State a leader in terms of workers' welfare.
  • The wage increase is part of Governor Uzodimma's administration's commitment to economic growth and workers' welfare.
  • The state's internally generated revenue has grown from N400 million to over N3 billion monthly, a significant improvement in the state's financial standing.
  • The debt profile has dropped from over N280 billion in 2020 to less than N100 billion, indicating a concerted effort by the government to reduce debt.
  • The state government will begin paying the last batch of gratuities owed to pensioners, totalling N16 billion on August 27.
  • President Tinubu's removal of fuel subsidy has increased allocations to states and created room for reforms, according to Governor Uzodimma.
  • The Nigeria Labour Congress (NLC) in Imo State has welcomed the new wage and assured the governor that workers will reciprocate with more diligent, efficient, and effective service.

Statistics:

  • The new minimum wage of N104,000 is an increase of N28,000 from the previous minimum wage of N76,000.
  • The wage increase for doctors has risen from N215,000 to N503,000, a 134% increase.
  • The pay for tertiary institution teachers has increased from N119,000 to N222,000, a 87% increase.
  • Internally generated revenue has grown from N400 million to over N3 billion monthly, a 750% increase.
  • The state's debt profile has dropped from over N280 billion in 2020 to less than N100 billion.
  • The state government will pay N16 billion in gratuities to pensioners on August 27.

Sources:

  • News Agency of Nigeria (NAN)
  • Leadership Newspaper
  • AllAfrica Global Media (allAfrica.com)

Read more