Minimum wage: FEC deliberation to continue after NEC

Minimum wage: FEC deliberation to continue after NEC - Minister

- The extraordinary meeting of the Federal Executive Council (FEC) on National Minimum Wage has been postponed until after the National Economic Council’s (NEC) deliberation

- The minister of information and culture, Alhaji Lai Mohammed said the federal government is awaiting the final position of the NEC on the new national minimum wage

- The organised labour had insisted on a N30,000 minimum wage as proposed by the Ama Pepple tripartite committee

The minister of information and culture, Alhaji Lai Mohammed, has said that the extraordinary meeting of the Federal Executive Council (FEC) on National Minimum Wage had been postponed until after the National Economic Council’s (NEC) deliberation on the matter.

The minister stated this when he briefed State House Correspondents on the outcome of the extraordinary meeting of FEC, which was presided over by President Muhammadu Buhari, at the Presidential Villa, Abuja, on Tuesday.

According to him, the federal government is awaiting the final position of the NEC on the new national minimum wage, saying Council’s meeting on the matter is work in progress.

NEC is the nation’s highest economic-decision-making body, chaired by the Vice President, Prof. Yemi Osinbajo, with the 36 state governors, Minister of Budget and National Planning, Udoma Udoma and FCT Minister, Mohammed Bello, as members.

But, the minister said: “I cannot talk on the outcome of the meeting over minimum wage because it’s work in progress.

“It would also be discussed by the National Economic Council (NEC) before we can brief the media”.

President Buhari had on January 9 inaugurated a Technical Advisory Committee on the implementation of the new National Minimum Wage and reiterated his commitment to its payment.

He restated his commitment to an upward review of the minimum wage “as it is time to do so’’.

He said the committee would recommend “modalities for the implementation of the new minimum wage in such a manner as to minimise its inflationary impact, as well as ensure that its introduction does not lead to job losses’’.

According to the president, the committee, which will be chaired by an economist and financial expert, Mr Bismarck Rewane, is expected to complete its deliberations and submit its report and recommendations within one month from today

The organised labour had insisted on a N30,000 minimum wage as proposed by the Ama Pepple tripartite committee, while the Nigeria Governors Forum (NGF) proposed N24,000.

President Buhari, however, stated that the Federal Government had engaged State Governments, to ensure they are carried along in determining any upward review of the minimum wage for workers.

“I want to make it clear that there is no question about whether the National Minimum Wage will be reviewed upwards. I am committed to a review of the minimum wage.

“Also, it is important to explain that even though the subject of a National Minimum Wage is in the Exclusive Legislative List, we have been meeting with the state governors because it is imperative that the Federal Government carries the State Governments along in determining any upward review of the minimum wage for workers.

“This is especially necessary considering the prevailing public sector revenue challenges, which has made it extremely difficult for some of the governors to pay workers as and when due,” he said while inaugurating the advisory committee.

He said the Federal Government on its part had made adequate provision for the increase in the Minimum Wage in its 2019 Budget proposal, which was submitted to the National Assembly on Dec. 19, 2018.

In a previous report by Legit.ng, the Nigeria Labour Congress (NLC) has said it is monitoring the federal government to see if the presidency will transmit the executive bill on the new minimum wage to the National Assembly.

Peter Ozo-Eson, the general secretary of the NLC, said that as soon as the federal government sends the bill to the National Assembly, the organised labour will engage the legislators on the passage of the bill into law.

NAIJ.com (naija.ng) -> Legit.ng. We have upgraded to serve you better.

Minimum Wage: Is N30,000 Too Much for FG to Pay Workers? - Nigeria Street Gist | Legit TV

Source: Legit.ng

from Nigeria News today & Breaking Naija news ▷ Read on LEGIT.NG 24/7 http://bit.ly/2Hi411I
via EDUPEDIA24/7

Nigerian Academy Of Science Inducts First Female President

The Nigerian Academy of Science has inducted a professor of Parasitology/Epidemiology, Ekanem Ikpi Braide, as its 19th President on Thursday. In a statement issued by Oladoyin Odubanjo, the Executive Secretary of the Academy, Braide is the Academy’s first female President in 44 years of existence. It read, “Braide was a member of the national committee that achieved the laudable feat of guinea worm eradication in Nigeria. “She has a rich professional experience as a researcher and an administrator. In July 2010, Professor Braide was honoured by the President of Nigeria with the award of Officer of the Order of the Federal Republic (OFR) for her contribution to disease control in Nigeria. “She was nominated by the Honourable Minister of Health to serve in the Ministerial Expert Advisory Committee on COVID-19 Health Sector Response (MEACoC-HSR). “Professor Braide served as Vice-Chancellor, Cross River University of Technology (CRUTECH) Calabar, Nigeria (2004 to 2009) and as P...

NLNG Signs Letter Of Intent On Delayed Gas Expansion Project

The Nigerian Natural Liquefied Gas LTD has signed a letter of intent for the engineering, procurement and construction of its long held up Train Seven project. In a statement released by the company on Wednesday, it said that the $10bn project will be executed by a consortium of Italian firm Saipem, Japan’s Chiyoda and South Korea’s Daewoo. The statement reads, “The project will form part of the investment of over $10bn including the upstream scope of the LNG value chain, thereby boosting the much needed Foreign Direct Investment profile of Nigeria.” Managing Director of NLNG, Tony Atta, said in 2018 that the Final Investment Decision would be made in the fourth quarter of that year. This did not however, materialize. According to the release, the project will have a four to five-year execution time after the signing of the FID. The project is expected to add an extra 8 million tons per annum of gas to the 22 mtpa currently exported by the company. Oil News AddThis :...

Former Maritime Agency Boss, Buba Galadima, Accuses AMCON Of Witch-hunt After Property Takeover

A former Director-General of the Nigeria Maritime Agency, Buba Galadima, has accused the Asset Management Corporation of Nigeria of witch-hunt after the agency took possession of his business and assets on Tuesday in Abuja. Galadima, an ardent critic of President Muhammadu Buhari, claimed that he did not borrow money or have unpaid debt with Unity Bank, which lodged a complaint against him and occasioned AMCON’s move on Tuesday. The properties taken over include House No. 15, Addis Ababa Crescent, Wuse Zone 4, Federal Capital Territory, Abuja and House No. 4, Bangui Street, Wuse 2, also in Abuja. Reacting to the situation, Galadima said, “This is an attempt to disgrace and break me down. This is injustice and an attempt to humiliate me. "But I am unbreakable and they can never silence me. They sacked me and over 50 people that sleep in the apartment. "We don’t know where to go. We will remain on the streets. We will remain on the streets until God provi...

EDUPEDIA247

Search This Blog