Governor Godwin Obaseki has announced a significant increase in the minimum wage from ₦40,000 to ₦70,000.
The announcement was made during the commissioning of the newly constructed ultra-modern Labour House (secretariat complex) for labor unions in Benin City.
Effective May 1, 2024, the new minimum wage will take effect, coinciding with this year’s Workers’ Day celebrations.
Governor Obaseki highlighted the importance of enhancing workers’ remuneration to align with the rising cost of living and ensure their well-being.
This marks the second time Governor Obaseki has elevated the minimum wage in the state. Previously, in 2021, he increased it from ₦30,000 to ₦40,000, demonstrating his administration’s commitment to prioritizing workers’ welfare.
The decision to raise the minimum wage underscores Governor Obaseki’s recognition of the invaluable contributions of workers to the socio-economic development of Edo State.
By providing a substantial increase in wages, the government aims to enhance workers’ purchasing power, promote socio-economic stability, and foster a conducive environment for productivity and growth.
Governor Obaseki’s administration has consistently prioritized initiatives aimed at improving the living standards of Edo State residents.
The increase in the minimum wage reflects a proactive approach to address the challenges faced by workers and reaffirms the government’s commitment to inclusive development.
Workers in Edo State have welcomed the announcement with enthusiasm, expressing gratitude to the governor for his unwavering support and commitment to their welfare.
The increase in the minimum wage is expected to positively impact the lives of workers across various sectors and contribute to overall socio-economic progress in the state.