Indonesia Raises Minimum Wage by 6.5% for 2025

Indonesian President Prabowo Subianto has announced a 6.5% increase in the provincial minimum wage for 2025, following a meeting with key ministers. This decision aims to enhance workers' purchasing power while considering business competitiveness. The increase follows a Constitutional Court ruling that labor groups had expected would lead to a higher wage adjustment. Meanwhile, in Osun State, Nigeria, Governor Ademola Adeleke confirmed that a new minimum wage of ₦75,554.28 will take effect on December 1, 2024, alongside an improved pension package for retirees. Both leaders emphasized the importance of social safety nets for workers and the need for sustainable economic policies. The Indonesian minimum wage adjustment will be regulated through provincial wage councils, while the Nigerian increase follows extensive negotiations with labor representatives.