Why Senate approved N30,000 Minimum Wage, N75,000 fine for not keeping records


…approves a fine of N75,000 for not keeping records of employees as against Buhari’s Proposal of N5,000

asks Ministers of Finance, Budget to urgently compute, forward to NASS for inclusion into the 2019 Budget, the actual amount required for the new national minimum wage.

***Urges Federal Government to review the Revenue Sharing Formula

By Henry Umoru
ABUJA – THE Senate has concurred with the House of Representatives, approving a total sum of N30,000 as the accepted minimum wage for the Nigerian workers following the prevailing economic realities of the country as against the N27,000 proposed by the Federal Government.

minimum wage
Minimum Wage

After the Senate dissolved into the Committee of the Whole for the clause by clause consideration of the report of the Ad-hoc Committee on the National Minimum Wage on the National Minimum Wage Act CAP N61 LFN (repeal and re-enactment) Bill, 2019 (SB. 722), it then reverted to plenary and reported progress.

The National Minimum Wage Act CAP N61…

Source: Vanguard Newspaper