President Buhari on Monday, March 25, received the report of the technical advisory committee on the implementation of the new national minimum wage at the Presidential Villa, Abuja with a promise to review the document.
The committee is chaired by an economist and financial expert, Bismarck Rewane.
After receiving the report, President Buhari commended the committee and promised to work on their recommendations.
The president also urged members of the committee to make themselves available anytime their service is required in the course of the review of the report.
Read Buhari's full speech below:
On 9th January, 2019, I inaugurated the Presidential Technical Advisory Committee on the Implementation of the National Minimum Wage (PTAC). The PTAC was mandated to advise government on how best to fund, in a sustained manner, the additional costs of implementing the imminent increase in the national minimum wage.
You were also asked to advise on the consequential increases in salaries and allowances for other employees, without worsening our already difficult fiscal condition, and without adversely impacting the nation’s development goals as set out in the Economic Recovery and Growth Plan (ERGP).
The committee was also required to propose a work plan and modalities for implementation of the salary increase.
The technical committee is chaired by an economist and businessman, Bismarck Rewane, and has other experienced economists and administrators from the private sector, as well as relevant officials in the government. It also has a representative of the governors’ forum.
I am very pleased that the committee took on this important national assignment with all seriousness.
Let me thank the chairman, Mr Bismarck Rewane, and all the committee members most sincerely for your patriotism, hard work, commitment and sacrifices. I understand that you have worked tirelessly to ensure that you deliver the report before we receive the minimum wage bill from the National Assembly.
Let me also thank the honourable minister of budget and national planning, for coordinating the work of the committee. I also commend the budget office of the federation; the national incomes, salaries and wages commission; the office of the accountant general of the federation; the Federal Inland Revenue Service; the National Bureau of Statistics and the Central Bank of Nigeria, all of which I understand provided strong support to the committee in the course of this assignment.
May I also appreciate the support we received from private sectors, particularly, Access Bank Plc; PricewaterhouseCoopers; KPMG Advisory Services; Financial Derivatives Company and Economic Associates. I thank them all for their contributions to the successful conclusion of the committee’s work.
We will review this report expeditiously. In the process, we may need to engage with some members of your committee, I therefore implore you to make your services available whenever we may call on you.
Thank you and God bless the Federal Republic of Nigeria.
Recall that Legit.ng reported that Chris Ngige, minister of labour and employment, said the national minimum wage of N27,000 is standard for all workers, but the federal government will pay federal workers N30,000.
According to the minister, President Muhammadu Buhari constituted a tripartite committee on national minimum wage in November 2018 to consider the issue and recommend a new national minimum wage.
He said the constitution of the committee was in consonance with the provisions of the International Labour Organisation (ILO) Convention on Nos. 26, 99 and 131 as well as guidance provided by the accompanying recommendations.
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