AT LAST! PRESIDENT BUHARI SIGNS NEW MINIMUM WAGE BILL

On Thursday, 28th of March, President Muhammadu Buhari has finally signed the N30,000 minimum wages proposed by Labour into law. This is a step towards bringing the long-heated negotiation between the Nigerian Labour Congress(NLC) and the Federal Government of Nigeria to an end.

President Buhari said the payment of this new minimum wage will commence in May, 2019 to mark the international Workers’ Day.

The new minimum wage bill was passed by the national assembly last week Tuesday.

Prior to this, during Senate plenary on March 18 2019, the 8th Nigerian Senate recorded a landmark achievement has it approved N30, 000 as minimum wage for workers in Nigeria.The new chairman of the ad-hoc committee set up to review the bill, Francis Alimikhena, presented a report . In the committee’s report, it was recommended that N30, 000 be approved as minimum wage for Nigerian workers.

It was also recommended that the federal government put in place a procedure to review revenue sharing formula to enhance state capabilities towards implementation of the new wage.The committee also recommended N75,000 as a penalty for not keeping records of employees.

The Senate President, Bukola Saraki commended the efforts of the committee in ensuring that the Nigerian Labour Congress did not go on strike before the lawmakers did the needful.

Recall that after much deliberations, the Nigerian Senate approved the sum of N30,000 as the new national minimum wage. In addition, the lawmakers also approved N75,000 as the penalty for non-compliance with the law.

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