FG, Labour agree to review minimum wage

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Nigeria’s Vice President Yemi Osinbajo (C) after a meeting with the country’s labour leaders on February 9, 2016. PHOTO: TWITTER/YEMI OSINBAJO

The President, Nigeria Labour Congress (NLC), Mr Ayuba Wabba, says the Federal Government and the organised Labour movement in the country have reached a consensus to review the National Minimum Wage.

Wabba, who disclosed this in an interview with the News Agency of Nigeria (NAN) on Wednesday in Abuja, said that the consensus was reached during the sitting of the Technical Committee on Palliative.

He said the committee was meant to look into the framework to ameliorate the sufferings of Nigerians and cushion the effect of the increase in the price of fuel. He also noted that the report of the committee, which was also meant to discuss the issue of the minimum wage, was ready for submission.

 “I think there is a consensus on the fact that nobody has said that the minimum wage should not be reviewed. The palliative report is ready and it would be submitted before the end of the month.

“At the last palliative meeting, labour leaders had requested that they needed to look at the main report of the committee before submission.

“So, the technical committee will have to submit its report to Mr President and not to the Minister of Labour and Employment,‘’ he said.

Wabba said that after the submission, the Presidency would then set up the tripartite committee that would involve the government, private and public sector.

The NLC President said that labour was hopeful that the minimum wage committee would be constituted soon. He said that labour had also received positive response from the National Assembly, saying that the Senate had promised to pass the bill.

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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