Minimum Wage: National Council of State Approves N27,000

NNPCA worker inspects facilities on an oil drilling platform at the Total oil platform at Amenem, 35 kilometers away from Port Harcourt in the Niger Delta. Photographer: Pius Otomi Ekpei/AFP
  • Minimum Wage: National Council of State Approves N27,000

The National Council of State has approved N27,000 as the new national minimum wage, Dr Chris Ngige, the Minister of Labour and Employment, disclosed on Tuesday.

Dr Ngige, who briefed State House on the outcome of the Council’s meeting, said the bill of the new national minimum wage would be forward to the National Assembly by Wednesday for passage into law.

According to the minister, the N27,000 is the benchmark for all employers with more than 25 employees, explaining that no employer with more than 25 workers should pay less than the N27,000.

The minister, however, said the Federal Government had agreed to pay N30,000 as the new national minimum wage, while the State Governments would be allowed to negotiate with their respective staff.

The organised labour had insisted on a N30,000 minimum wage agreed by the tripartite committee in October, while the Nigeria Governors Forum (NGF) proposed N22,500, citing limited resources.

Again, the Nigeria Labour Congress (NLC) has rejected the N27,000 approved by the state council, according to Dr Peter Ozo-Eson, the NLC General Secretary, who briefed News Agency of Nigeria on Tuesday in Abuja.

“It is abysmal of government to be delaying the submission of an Executive Bill to the National Assembly and by wrongfully adopting N27,000 through the council of states,” he said.

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: [email protected]

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