BusinessBanking/FinanceTake-off Date for New Minimum Wage April 18, says FG

Take-off Date for New Minimum Wage April 18, says FG

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By Uche Mbah

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The controversial new minimum wage implementation may take off April 18, 2019, if feelers from the the Federal Executive Council, FEC, is to be believed.

The FEC meeting Wednesday, presided over by Vice President, Yemi Osinbajo, has among other things deliberated on the N30,000 minimum wage. Recently, government and Labor leaders agreed on the all issues pertaining to the minimum wage issues. Labor later called off the strike action it proposed as a back up if there was no truce with the federal government.

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But Labour had insisted that the Minimum wage payment must be backdated to five months ago, a request that the decision of the FEC may have agreed to.

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Osinbajo has directed the salaries and wages commission to communicate the template of the approved consequential in crease in salaries to both the state and local governments for implementation.

Many states had, however, expressed unwillingness to pay the new wage, citing financial crunch as reason.

It is not clear whether the Vice President will authenticate the decision or wait for President Buhari to come back since Buhari’s trip was a short one and there was no need to transmit a letter for the Vice president to take decisions in acting capacity.

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