Home Business News Why the new minimum wage is yet to be effected

Why the new minimum wage is yet to be effected

-

The President of the Nigeria Labour Congress (NLC), Comrade Ayuba Wabba has revealed why the new minimum wage is yet to be effected by the Federal Government.

Wabba said the Federal Government was not ready to come up with a figure for an upward review of the minimum wage; even though it admitted and agreed that there was a serious need to increase workers’ salary.

The Labour union president accused  the Federal Government and the Minister of Labour and Employment, Senator Chris Ngige of frustrating and delaying the process.

Wabba said all works and commitments from stakeholders have since been completed, but the new minimum wage would not be implemented as the Federal Government said there is need to consult.

“Now that the report should have been consummated, some people are saying they need time for consultations. We thought that should not have been the situation because of the importance of the issue to Nigerian workers and the workers can also not continue to be patient.” Wabba added.

Nairametrics had reported that the Federal Government’s new minimum wage suffered a major setback. This was confirmed by the Minister of Labour and Employment, Chris Ngige who had earlier announced when the new minimum wage will commence.

During the 40th anniversary of Nigeria Labour Congress (NLC) in Abuja, the minister had said that the minimum wage will commence before the end of September 2018, with claims that workers will experience a surge in their wages.

According to Ngige, the new wage structure will not commence anytime soon as earlier announced. He added that the setback was because State Governors are yet to submit their proposal on a new wage system.

The Minister maintained that without a proposal from the governors, there cannot be an agreement on a new wage structure.

Coronation Research

President Muhammadu Buhari, had in 2017, inaugurated the National Wage Committee led by former minister and Head of Service, Ama Pepple in order to recommend the long-clamour for minimum wage.

Coronation Research

The last time minimum wage was reviewed was in 2011. Then, the wage was set at a paltry ₦18,000. It took 10 years to have this benchmark reviewed through a collective bargaining mechanism by the Government and the Labour unions.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Popular

Understanding Mutual Fund Fees

INSIGHT: Why you really should consider investing in mutual fund today

A Mutual Fund is a Trust or Company that pools money from many investors and invests in a specified class of securities such as stocks, bonds, real estate or a balanced mix of asset classes.
Ellah Lakes appoints new Managing Director, Ellah Lakes appoints Chuka Mordi, Ellah Lakes acquires Telluria Limited, Nigerian Stock Exchange NSE

NSE has placed these 34 companies on red alert

Authorities of the Nigerian Stock Exchange (NSE) has placed red alerts on some 34 quoted companies as a disciplinary measure for breaching some of its extant rules.
Mile 2 Road

Why Lagos is closing Mile-2 Road inward Tin Can Island for 48 hours

Mile 2 road inward Tin Can Island ports corridor will be closed by the Lagos State Government (@followlasg) for 48 hours, the Permanent Secretary of the Ministry of Transportation, Taiwo Salaam has revealed.