The Federal Executive Council (FEC) on Wednesday, October disclosed that the payment of the minimum wage would take effect on or before December 31.
This was disclosed by the Minister of Labour, Chris Ngige at the FEC meeting stated this while asking the minister of finance, budget and national planning, Zainab Ahmed, to effect payment at aforementioned time.
The earlier reported that at the end of FEC meeting chaired by Vice President Yemi Osinbajo at the Presidential Villa Abuja.
He also listed government’s agencies and levels entitled to this new salary adjustment as stipulated in the signed agreement.
He said: “Today we sent to the federal executive council our report and the conciliation that was done last week between the organised labour and one federal government of Nigeria on the issue of the new national minimum wage which has been fixed at N30,000 a month and the consequential adjustments.”
He said as approved by the council, the payment of the new minimum wage will commence once the “financial implications” have been worked out by the labour ministry.
According to him, “So FEC today approved for us that the financial implications worked out by the National Incomes and Wages Commission that the salaries adjustment should take effect as from April 18, 2019 the day the New National Minimum Wage Act came into being. Council also approved for us that the financial implication be worked out and the payment should be completed on or before December 2019.
“Council further directed that the minister of finance, budget and national planning through the office of the Accountant General of the Federation should effect all these payments before 31 December 2019.
“Council further directed also that the National Income and Wages Commission and the Ministry of Labour and Employment should send the consequential adjustment table down to the states and local government as an advisory document for their information.”