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Thursday, May 25, 2017

N56k Minimum Wage ...FGN sets up negotiation committee

THE Federal Executive Council has approved a National Minimum Wage Committee to deliberate on an agreeable minimum wage. Minister of Labour Chris Ngige said this at the end of the FEC meeting presided by Acting President Yemi Osinbajo and said the committee will be made up of 29 members. 

According to him, the members will come from the organised Labour, Federal and state governments.

“I am happy to let you know that government has approved the setting up of a national minimum wage committee comprising of 29 persons with a chairman and a secretary. Composition of this committee is that, the Federal Government will contribute 5 persons from the public sector, the state governors who are major stakeholder will contribute 6 governors, one from each geopolitical zone. Then the labour federations will present 8 persons and the organised employers association represented by Manufacturing Association of Nigeria and Chamber of Commerce and Small and Medium Enterprises will jointly produce 8 persons. Government will appoint the Chair and the Secretary.”

Also speaking, Minister of Budget and National Planning Udoma Udo Udoma has revealed that the Executive is still analysing and reviewing the 2017 Budget before it can be assented to. To read our earlier minimum wage report, please click here.

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