ThinkLab Group: We’ve embraced new minimum wage

Thinklab Group Limited, a private organization, has announced its commitment to implementing the new National Minimum Wage for all its employees. The company said the decision demonstrates its dedication to prioritizing the well-being and financial security of its workforce. Starting from July 2024, Thinklab Group Limited said it would ensure that all employees receive a […]

Thinklab Group Limited, a private organization, has announced its commitment to implementing the new National Minimum Wage for all its employees.

The company said the decision demonstrates its dedication to prioritizing the well-being and financial security of its workforce.

Starting from July 2024, Thinklab Group Limited said it would ensure that all employees receive a minimum
wage that meets the newly established national standard.

“This change is expected to positively impact the lives of numerous staff members, providing them with a higher standard of living and increased financial stability.”

“We believe that our employees are our greatest asset, and it’s essential to compensate them fairly for their hard work and dedication, said Dr. Babagana Mohammed, Group Managing Director of Thinklab Group Limited. He added that, By implementing the National Minimum Wage, the organization aim to promote a culture of equality, transparency, and social responsibility within the organization.”

Dr. Babagana noted that the move would not only benefits employees but also reinforce Thinklab Group Limited’s position as a responsible and progressive employer, stressing that the company’s commitment to the National Minimum Wage sets a high standard for other private organizations to follow, contributing to a more equitable and prosperous society.

President Bola Tinubu signed the Minimum Wage Bill into law last week. It prescribed N70,000 as minimum wage of Nigerians workers.