Federal Government Increases Workers’ Salaries By 10 Percent

Against the background of challenges in the economy, nothing could be as important as news of increase in workers’ salaries.

It even becomes more welcome when such an increase is for up to 10 per cent, as the case under review.

It came against the background of the devaluation of the national currency, the Kwacha by 44 percent, and Malawaian workers now have something to smile about.

Their government has increased their wages and salaries by 10 percent, and many Nigerians are left wondering why the Nigerian government cannot follow suit.

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This was announced by the Minister of Finance Chithyola Banda while speaking in Parliament during the Mid-year budget presentation.

In contrast, the Nigeria Labour Congress (NLC) is still ruing what it describes as the battering of its national president, Joe Ajaero.

“The arrest, beating and torture of Comrade Joe Ajaero represents the raising of the stakes in this culture of harassment and intimidation and we have no apology for resisting this through a strike.

For those not in the know, tyranny begins with the loss of personal liberty through the negative deployment of state power through its agents”, the congress has said in a release by its

Head of Information and Public Affairs, Benson Upah
On the other hand, the Malawian Minister of Finance Chithyola Banda said wages and salaries have gone up by K80.05 billion from k900.44 billion to K980. 49 billion,

The salary increment is expected to soften their hardship of occasioned by the 44 percent devaluation of the national currency, a situation that has brought more hardship to citizens.

A report in Malawi24 credits the minister with saying that the increment would help civil servants to deal with some challenges they have encountered following the 44 percent devaluation.

“This is a provision to cushion civil servants from the kwacha realignment as alluded to by His Excellency the President during his National address a few days ago,” said Chithyola.

According to the report, many of the citizens are happy with the policy measure increasing workers’ salaries, but much more is expected from the managers of the economy to ensure the expected benefits duly happen.

The Eagle reports that the country’s Gross Domestic Product (GDP) growth fell to 0.8% in 2022 from 2.2% in 2021, a situation attributed to a number of factors, including shocks from climate change.

Agriculture was the largest contributor the GDP growth, followed by wholesale and retail trade (12.6%) and real estate and construction (6.5%), according to records sourced from the African Development Bank (AfDB).