Senate Approves N30, 000 As New Minimum Wage
The Nigerian Senate has approved the new National Minimum Wage of N30, 000 in agreement with the House of Representatives on Tuesday.
President Muhamamdu Buhari had in the National Minimum Wage Act (Amendment) Bill he transmitted to the Senate proposed N27, 000 as the new minimum wage, but the National Assembly stepped the amount up by N3, 000.
Advertisement
The passage of the bill followed the adoption of the report of the ad hoc committee on the New National Minimum Wage.
In the report presented by its acting chairman, Sen. Francis Alimekhina, the committee recommended a fine of N75, 000 for defaulting employers of labour.
The committee also recommended urgent review of the Revenue Sharing Formula to enable states and local governments to cope with the attendant financial burden.
