The Federal Government and the Labour Union have signed a Memorandum of Understanding on the ₦70, 000 new minimum wage.

A statement by the Office of the Head of Civil Service of the Federation, and signed by the Head, Information and Public Relations, ENO OLOTU said the committee on salaries for civil servants has agreed that the new minimum wage will be implemented from 29 July 2024.

According to the statement, the committee also recommended that the wage award, which the Federal Government discontinued, should be paid until 28 July 2024.

The committee, led by the Head of Civil Service of the Federation, DIDI WALSON-JACK, noted that the government considered the economic situation in the country before making its decisions.