President
Muhammadu Buhari has promised to send a bill on implementation of the New Minimum Wage to the National Assembly for passage soon.
President Muhammadu Buhari |
Buhari disclosed this while presenting the 2019 budget before the joint session of the National Assembly on Wednesday.
He assured that he was committed to addressing the minimum wage
issue, saying he had directed the setting up of a technical committee to
look at mode of implementation.
“To avoid a system crisis on the Federal Government and states, it is
important to device ways to ensure that its implementation does not
lead to an increase in the level of borrowing.
“I am accordingly setting up a high powered technical committee to
advise on ways of funding an increase in the minimum wage and attendant
wage adjustments without having to resort to additional borrowing.
“The work of the committee will be the basis of finance bill which
will be submitted to the national assembly alongside the minimum wage
bill.
Buhari, said the committee would recommend modalities for the implementation of the new minimum wage.
According to him, the move is to minimise inflationary impact as well
as ensure that its introduction does not lead to job losses.
The Amal Pepple
Tripartite Committee on the Review of National Minimum Wage, had on Nov.
6, submitted its report to Buhari.
The committee recommended N30, 000 as the new national minimum wage.
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