LEGAL IMPLICATION OF THE NEW MINIMUM WAGE IN NIGERIA

 Under the Act, wage is defined as ‘remuneration or earning (however designated or calculated) capable of being expressed in terms of money fixed by mutual agreement or by law which is payable by virtue of a contract by an employer for work done it to be done for service rendered’ and by virtue of section 9(2) of the Act, an employer is mandated to pay nothing less than the minimum wage, subject to statutory deductions. The combined reading of both provisions makes it clear that the N70,000.00 is not the take-home/net pay of the employee as it is subject to other statutory deductions such as Pension, National Housing Fund and Life Assurance.

https://gresyndale.com/legal-implication-of-the-new-minimum-wage-in-nigeria/

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