Today the president inaugurated the National Minimum Wage Committee at the Presidential Villa, Abuja.
The president at the inauguration, urged members of the Committee to amicably consider the issue of a National Minimum Wage and all matters ancillary to it with thoroughness and concern not only for the welfare of the work-force but the effect on the country’s economy.
He said “The subject of a National Minimum Wage for the Federation is within the Exclusive Legislative List of the 1999 Constitution of the Federal Republic of Nigeria (as amended).
Accordingly, we should aim to go above the basic Social Protection Floor for all Nigerian workers based on the ability of each tier of Government to pay.
“I say this because minimum wage is the minimum amount of compensation an employee must receive for putting in his or her labour and as such should be anchored on Social Justice and Equity.
“Government’s decision after considering your final recommendation will be sent as an Executive Bill to the National Assembly for it to undergo appropriate legislative scrutiny before passage into law.”
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