Ahmadu Umaru Fintiri, the governor of Adamawa State has announced the commencement of the N70,000 new minimum wage starting August, 2024.

Fintiri disclosed this in a statement on his official X handle Monday.

“As a demonstration of our commitment to the welfare of workers in Adamawa State, I have approved the payment of a N70,000 minimum wage starting this August,” Fintiri said.

Read also: Nigeria’s minimum wage boost: A double-edged sword

“Our civil servants deserve this and more. Together, we will continue to build a prosperous future for all,” he added.

The announcement comes barely a month after the new wage review was signed into law by the President Bola Tinubu government.

With this move, Fintiri becomes the first governor from the north to approve the new minimum wage.

The lowest amount paid to Nigerian workers was N30,000 but due to the rampant inflation and rising living costs, the value of the amount became very low and unsustainable.

Though the new minimum wage has been reviewed, many states are yet to commit to pay even as workers’ monthly pay continues to lose its value.

Wasiu Alli is a business, economics cum data journalist with strong expertise covering macro trends, capital markets, government policies, corporate earnings and comparative economics analysis. Alli turns raw data into trends that not only tells compelling stories but nudges investors to make valued and informed decisions. He’s an alumnus of Lagos State University and trained at Lagos Business School. He formerly heads the Companies and Markets desk at BusinessDay where he writes and supervises the production of well researched articles on earnings updates, corporate sectoral comparisons, market intelligence as well as interviews with C-suite executives.

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