- There are reports that the Federal Government of Nigeria might increase the minimum wage to N200,000
- The proposed minimum wage was reportedly discussed during June's National Economic Council (NEC) meeting
- President Bola Ahmed Tinubu is said to be convinced that the federal government can handle the proposed minimum wage
This is coming after organised labour in the country demanded a review of the minimum to N200,000.
As reported by Leadership, Anambra State Governor Charles Soludo has been asked to chair a Technical Working Group (TWG) after state governors called for caution at the last month’s National Economic Council (NEC) meeting.
It was gathered that the Salaries, Incomes & Wages Commission made a presentation on how the federal government can pay N200,000 per month as minimum wage.
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According to Leadership, sources disclosed that President Tinubu is convinced that the N200,000 minimum wage is achievable based on his campaign promises.
Tinubu had said during Workers Day on May 1 that:
“In Nigeria, I shall have the honour and privilege to lead from May 29, workers will have more than a minimum wage. You will have a living wage to have a decent life and provide for your families.”
The Salaries & Wages Commission, during the NEC meeting in June, was said to have revealed how the federal government can pay the proposed minimum wage.
However, the state governors who comprise the NEC membership raised questions about the proposal.
Soludo argued that it would be necessary for NEC first to understand where the money would come from, how much would come and what states would get.
How fund for proposed minimum wage would be raised
It was gathered that funds will be raised due to the new foreign exchange policy as more money will be available for sharing by the federal and state governments under the FAAC monthly distribution.
Savings from the fuel subsidy was also considered as part of the planning.
A sub-committee led by Kebbi State Governor Nasir Idris was also formed to review the situation.
Idris would work with six other governors of Anambra, Benue, Kaduna, Bauchi, Cross River and Oyo states, each representing the six geopolitical zones.
The sub-committee has formed a Technical Working Group, TWG, with Governor Soludo as chairman to interrogate the issues around raising the minimum wage.
The TWG is to clarify that both the federal and state governments, not just the federal government, would be responsible for paying the new minimum wage.
The Soludo-led TWG has resolved that negotiations with labour must be two-tracked between the federal government on the one hand and the state governments in another hand.
The NEC is said to meet later this month to receive the subcommittee's report and take a final decision on the national minimum wage, which would then be forwarded to the president as an advisory.
It was further gathered that what is most likely is that, at the very least, federal government workers would be receiving the enormous minimum wage increase, while the Soludo TWG would determine the fate of the state’s workers.
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