FG to Review Salaries of Workers Above N30,000 New Minimum Wage
As the President Muhammadu Buhari approved the request of the organized labour for a new minimum wage of N30,000, he has also said there will be a review of salaries of workers whose packages are above the new minimum wage.
Buhari while inaugurating the Technical Advisory Committee on National Minimum Wage headed by Mr. Bismarck Rewane, an economist, said the new minimum wage of N30,000 was desirable.
But he added that those already earning above the new minimum wage will have their wages reviewed in view of government’s lean purse.
He identified those to be affected as workers of the Central Bank of Nigeria (CBN), Federal Inland Revenue Service (FIRS), Nigerian National Petroleum Corporation (NNPC) and others who have crossed the minimum wage.
He said, “This is especially necessary considering the prevailing public sector revenue challenges, which have made it extremely difficult for some of the governments to pay workers as and when due.
“As you know we, at the federal level, have made adequate provision for the increase in the minimum wage in our 2019 budget proposals which we submitted to the National Assembly.
“Therefore, we will be able to meet the additional costs that will be incurred in moving up all personnel who are currently earning below the new minimum wage.
“However, we anticipate that after the new minimum wage has been passed into law, we will be going into negotiations for salary review for all the workers who are already earning above the new minimum wage. It is, therefore, important that we are properly prepared to meet these demands.”
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