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Lagos Raises Minimum Wage to N85,000, Eyes N100,000 Target in 2025

Boom RadioNG | October 16, 2024

Lagos State Governor Babajide Sanwo-Olu has announced that the state’s minimum wage will rise to N85,000, surpassing the N70,000 federal minimum wage approved in July. This move, according to the governor, is not intended as a competition with other states but reflects Lagos’ capacity to meet the higher cost of living for its workforce.

Sanwo-Olu made this disclosure during an interview on Television, stating that the decision aligns with the state’s affordability and economic strength.

A Strategic Pay Increase to Match Lagos’ Cost of Living

Governor Sanwo-Olu emphasized that the increase was driven by the need to ensure Lagosians earn a living wage that matches the city’s high living costs:

“It is not a competition, so I am not going to say we are paying more than others. It is a function of affordability and capacity. When people live in Lagos, Lagos has a premium in terms of even the cost of living, and we are fully aware of that,” Sanwo-Olu said.

Governor Of Lagos State.Babajide Sanwo-Olu.

Wage Reforms and Future Plans

Sanwo-Olu noted that the state had already increased workers’ salaries earlier in the year, further demonstrating Lagos’ commitment to worker welfare.

He also hinted at another significant wage increase in January 2025:

“I would like to come back to you in January to say I have been able to increase the minimum wage of Lagos to N100,000. Not because I want to make anybody look bad, but because I want my people to have a living wage. I want them to know that government is working for them.”

Federal and State Minimum Wage Comparison

This announcement follows the Federal Government’s approval of N70,000 as the new national minimum wage in July 2024. The wage increase, signed into law by President Bola Tinubu, was the result of prolonged negotiations between government representatives, labor unions, and the private sector.

Sanwo-Olu stressed that Lagos’ decision to raise wages further is not aimed at outperforming other states but reflects the state’s financial ability and commitment to its workforce.

Leading by Example

Lagos’ proactive stance sets a precedent for other states to reconsider their wage structures, especially in light of rising living costs across Nigeria. If the planned N100,000 minimum wage becomes a reality in 2025, Lagos could position itself as a model for responsive governance in times of economic uncertainty.

Written by Boom RadioNG

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