The National Assembly has reduced the allocation for minimum wage and salary-related payments for Ministries, Departments, and Agencies (MDAs) by 45% in the approved 2024 budget.
President Bola Tinubu initially proposed a budget of N1 trillion for Public Service Wage Adjustment for MDAS (including Arrears of Promotion and Salary Increases & Payment of Severance benefits and Minimum Wage Related Adjustments).
However, the approved budget by the National Assembly, now signed by the president, reflects a significant reduction to N550 billion for the same fiscal item, indicating a decrease of N450 billion from the proposed amount.
https://nairametrics.com/2024/01/01/2024-budget-nass-slashes-minimum-wage-allocation-by-45/
