Full List of Organisations Exempted From Paying New N70k Minimum Wage Emerges

• The Bola Tinubu government recently reached an agreement with labour unions on the minimum wage
• Legit.ng reports that the new national minimum monthly wage is set at N70,000 and the bill has been passed by the national assembly
• However, some organisations have been exempted from paying the money, according to a new report

Legit.ng journalist Ridwan Adeola Yusuf has over 9 years of experience covering public journalism in Nigeria.

FCT, Abuja - Despite the organised labour and the federal government agreeing on a new salary structure, not every Nigerian worker will be paid the new national minimum wage.

According to Vanguard in a report on Thursday, July 25, in the opinion of the 10-man sub-committee of the tripartite committee, some establishments are not mandated to pay the new national minimum wage.

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To qualify for exemption from the mandatory payment of minimum wage, a business must fall under a Nano business (Business managed by 1-3 persons with capital below N50,000) and micro business enterprise, have 10 or a smaller number of employees, or be a startup.

Others include companies of not more than three years in existence, establishments that have less than N50-million revenue per quarter or N200 million revenue per annum, industries which have their staff remuneration and compensation regulated by other acts of the national assembly, or any other business which the minister of labour and employment or the executive chairman of the national salaries, incomes and wages commission finds to be reasonably justified to be waived or exempted.

Minimum wage: List of exempted organisations below:

1. Companies of not more than three years in existence.
2. Establishments that have less than N200 million revenue per annum.
3. Organisations with less than 10 staff.
4. Industries which have their staff remuneration regulated by other acts of the national assembly.
5. Startup businesses.
6. Nano business (Business managed by 1-3 persons with capital below N50,000) and micro business enterprise.

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More to read on minimum wage

• Minimum wage: Akpabio lists categories of workers entitled to get N70k monthly
• Minimum wage: Organised labour announces fresh plans with governors
• Next line of action surfaces as national assembly passes N70,000 minimum wage bill

Minimum wage: Tinubu sent fresh message

Earlier, Legit.ng reported that the Coalition of South East Youth Leaders (COSEYL) commended President Bola Tinubu for approving N70,000 as the new minimum wage for Nigerian workers.

COSEYL, however, appealed to the Nigerian government to ensure that the wage is also paid by states and the private sector, by providing financial assistance to them.

Source: Legit.ng