OrderPaperToday – President Muhammadu Buhari has forwarded a new national minimum wage bill to the Senate.
In a letter that was read today by the presiding officer and Deputy Senate President, Ike Ekweremadu, Buhari noted that the new national minimum wage of N27,000 is targeted at the lowest paid Nigerian workers.
According to the letter, “this new bill and the amendments contained therein were arrived at after consultations by the tripartite committee on National Minimum Wage which was constituted by me in November 2017 to consider, make recommendations and advice the government on this issue.
“The tripartite committee comprised representatives of the Federal Government, Governors’ forum, organised private sector and organised federations of trade unions in Nigeria. The Federal Executive Council, National Economic Council, and National Council of States have all noted and approved this recommended amendment.”
Other highlights of the National Minimum Wage Amendment Bill include:
- Exemptions for establishments employing less than 25 persons.
- Five years review period of the Act in consonance with the constitutional review period for pensions.
- Alterations in the amount of fines payable by defaulters on persecution.