Federal Government on Tuesday raised salaries for government workers by between 25% and 35%, backdated to January, the salaries commission said, as Africa's biggest economy grapples with its worst cost of living crisis in nearly three decades. The lowest-paid government employee will earn 450,000 naira ($323.97) a year or 37,500 monthly, the National Salaries, Incomes and Wages Commission said in a statement. The increase covers all federal government employees, including those in the health, education and security sectors. The government is separately negotiating with labour unions on a new national monthly minimum wage, which was last reviewed in 2019. Nigerians…

In a circular issued on Monday by the Nigerian Electricity Regulatory Commission (NERC), the deregulation of meter prices under the Meter Asset Provider (MAP) scheme for end-user customers has been announced. This move, effective May 1, entails determining meter prices through competitive bidding processes, providing customers with a choice of authorized vendors. Previously, in September 2023, NERC approved price increases for single-phase and three-phase electricity meters. However, under the new directive, all meter prices will be subject to competitive bidding to adapt to changes in macroeconomic parameters, particularly exchange rates. NERC emphasized the need for efficient pricing to enable end-users…