Minimum wage: Labour meets today as bill passes 2nd reading

The Organised Labour will hold an emergency National Executive Council meeting today to take a position on Tuesday’s approval of N27,000 as minimum wage by the Council of State.

This is even as the two chambers of the National Assembly passed for second reading the bill transmitted to them by President Muhammadu Buhari yesterday.

Buhari, in the letter forwarding the bill, said the Federal Government was proposing N27,000 as the new national minimum wage against the N18,000 that currently obtains.

“This new Bill and the amendments contained therein were arrived at after consultations by the Tripartite Committee on National Minimum Wage which was constituted by me in November, 2017, to consider, make recommendations, and advise the Government on this.

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“The Tripartite Committee comprised representatives of the Federal Government, Governors’ Forum, Organised Private Sector, and the Organised Federations of Trade Unions in Nigeria.

“The Federal Executive Council, National Economic Council, and the National Council of States have all noted and approved these recommended amendments. Other highlights of the amendments include:

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i‎. Exemptions for Establishments employing less than 25 persons;

ii‎. Five (5) years review period of the Act in consonance with the Constitutional review period of Pensions;

iii‎. Alterations in the amount of fines payable by defaulters on prosecution,” the president said in his letter, dated January 22, and urged the lawmakers to expedite action on the bill

The national minimum wage would be N27,000, the federal government is offering to pay N30,000.

 

 

DISCUSSIONS!