PRESIDENT Muhammadu Buhari, on Monday 27th November 2017, inaugurated a 30 member tripartite National Minimum Wage Committee, to negotiate a new minimum wage. The Committee comprises six serving State Governors and other members from both the public and private sectors, as well as leaders of organized labour.
The President conceded, at the occasion, that the current (N18, 000) minimum wage has since expired; Buhari, also confirmed that on completion of the work of the Committee, an executive bill would be sent to the National Assembly, for “scrutiny, before being passed into law”.
Hereafter, the impact of any significant increase in the present minimum wage, on some sectors of the economy will be examined in an interrogative format to facilitate a clearer picture of the unfolding dilemma. Please read on: The present N18, 000 minimum wage presently buys less than 50%…
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