The Federal Government says although the Tripartite Committee On National Minimum Wage is yet to conclude its negotiations, workers will not lose anything as the new minimum wage will take effect from May 1, 2024.

The Minister of State Labour, Nkeiruka Onyejeocha, stated this on Wednesday while addressing Nigerian workers at the May Day celebration in Abuja, Channels TV reports.

She said it is regrettable that the new national minimum wage is not ready before today, but that a wide consultation is ongoing to ensure that the document is out together as soon as possible.

The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have at various times called on the administration of President Bola Tinubu to hasten the upward review of wage awards. Of late, the Organised Labour demanded N615,000 as the new minimum wage for workers to cope with the many economic realities and high cost of living in Nigeria.