Last Updated on December 18, 2024 by Timileyin Awogbade
Get real-time news updates from Dailylight! Follow us on our WhatsApp channel for breaking news, Job updates, Cryptocurrency updates, exclusive stories and scholarship updates, and educational videos.
The negotiating council agreed that the new minimum wage salary structure shall be effective nominally from July 1st, 2024 but financially from January 1st, 2025.
According to the Commissioner, those who retire between July 1st and December 31st 2024 will have their retirement benefits calculated on the basis of the new minimum wage.
The statement implored all ministries and extra-ministerial departments to be more aggressive in their revenue generation drive to significantly improve the IGR of the State.
Related stories
- Nigerian Air Force (NAF) list of eligible candidates for DSSC recruitment is out
- Federal Fire Service shortlisted candidates 2024 list is out (How to check and what to do next)
- Oyo govt increase LAUTECH Tuition Fee From N404,200 To N782,200
- OYOSUBEB verification: Full schedule and 7 must-have documents
- Oyo CSC announces new interview date for recruitment officers
The Commissioner said that already, the State Government pays over ₦6 billion monthly on salaries and wages, culminating in over ₦77 billion yearly, making Oyo State one of the third highest paying State employers of labour throughout the Federation.
While government workers will begin the year 2025 with the bumper salary scale across board, they are also waiting to end the year 2024 with the traditional 13th month salary as they have enjoyed since 2019 under Governor Seyi Makinde’s administration.
Timileyin Awogbade
Timileyin Awogbade is a journalist, seasoned copywriter, expert editor, and experienced content creator at Dailylight Channel with over 5 years of experience in writing, content strategy, and SEO.