FG Set Up New Minimum Wage Committee
A National Minimum Wage Committee has been set up by the Federal Executive Council to deliberate on an agreeable minimum wage for the country.
Briefing State House correspondents at the end of the meeting presided by Acting President Yemi Osinbajo, the Minister of Labour, Chris Ngige, said that the committee will be made up of 29 members.
According to him, the members will come from the organized Labour, Federal Government and State Government.
He said “Council deliberated on the report of the joint committee of government on one side and the labour federation of NLC and TUC. If you recall on May 11, 2016, there was a deregulation of oil and gas sector in Nigeria and this resulted in increased we had in the PMS otherwise called petrol and as a result of that, the labour federation kicked against the increase and said that if even the increase will be there, govt should put in place, mechanism to make sure that we do not have further increases.
The Minister of Budget and National Planning, Udoma Udo Udoma, said that the executive is still analysing and reviewing the 2017 Budget before it can be assented to.
On the recently released statistics by the National Bureau of Statistics, he said “One of the things we discussed in Council was the GDP report for the first quarter which was released yesterday by the NBS. We found the first quarter encouraging even though during the first quarter, we are still in a recession.