Wednesday, October 21, 2020
Home Economy Senate approves N30,000 minimum wage

Senate approves N30,000 minimum wage

The Senate, on Tuesday, approved N30, 000 as the new national minimum wage with an appeal to the Federal Government to start the implementation immediately to prevent workers from embarking on strike to demand the payment.

The acting Chairman of the Senate ad-hoc committee on National Minimum Wage Bill, Senator Francis Alimikhena, while delivering the report, also said a fine of N75, 000 has been imposed on firms that refuse to comply with the wage payment.

The panel also recommended the urgent review of the revenue-sharing formula, which will enhance the states to pay the new minimum wage and urged the Minister of Finance and her counterparts in the Budget and National Planning to as a matter of urgency, compute and forward to the National Assembly, for inclusion in the 2019 budget, the actual amount required for the new minimum wage.

Leader of the Senate, Ahmad Lawan, wondered why the fine for non-compliance jumped from N5, 000 as recommended by the executive to N75, 000 but commended the Federal Government for fulfilling its promise to the Nigerian workers and urged the organised labour to reciprocate the gesture by being more productive.

On his part, Senator James Manager described as unfortunate, the fact that some state governments had yet to apply the N18, 000 minimum wage while minority Leader, Biodun Olujimi, noted that the review of the revenue-sharing formula would enable more state governments to pay the new wage.

The Senate in the committee of the whole approved all the recommendations contained in the report.

Senate President, Bukola Saraki, urged the Federal Government to pay the new minimum wage without delay instead of waiting for the workers to go on strike to demand the implementation.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

FOLLOW US:

6,985FansLike
1,458FollowersFollow
553SubscribersSubscribe

Most Popular

Curfew: Flight Operations at MM Airport Lagos suspended

Flight operations at the Murtala Mohammed Airport in Lagos have been suspended following the 24-hour curfew imposed in the state by Babajide...

#EndSARS: Senate asks Buhari to address Nigerians

The Senate on Tuesday asked the President, Major General Muhammadu Buhari (retd.), to address the nation immediately on the current nationwide protests...

I won’t endorse 2021 budget if there’s no compansation provision for #EndSARS victims – Speaker

The Speaker of the House of Representatives, Femi Gbajabiamila, has disclosed that he will not sign the 2021 budget if provision for...

#EndSARS: A MULTIPLE TWIST TO A PROTEST

It is saddening what the so called #EndSARS protest has today turned to. Is the alleged prison break...