Monday , July 22 2019
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Buhari Receives Report On N30,000 National Minimum Wage Implementation

President Muhamamdu Buhari on Monday received the report of the Technical Advisory Committee on the implementation of the new National Minimum Wage at the Presidential Villa, Abuja.

President Buhari had, on January 9, inaugurated the advisory committee chaired by an economist and financial expert, Mr. Bismarck Rewane, where he reiterated his commitment to an upward review of the minimum wage.

The President had, on December 19, 2018, while presenting the 2019 Appropriation Bill at the joint session of the National Assembly, announced his intention to constitute the committee.

He said the committee would recommend “modalities for the implementation of the new minimum wage in such a manner as to minimise its inflationary impact, as well as ensure that its introduction does not lead to job losses.”

NAN reports already the two chambers of the National Assembly had deliberated and approved the bill on N30,000 as new national minimum wage.

(NAN/PUNCH)

 

About Lanre Oyetade

A multiple award winner in Economics and business journalism, Lanre Oyetade has served close to two decades in the media industry, spanning different notable stables, where he is privileged to have risen to the position of a title editor. A masters degree holder in Economics from the University of Lagos and doctoral student at the Babcock University, he is a winner of the prestigious NMMA Capital Market Award for two consecutive years (2004 & 2005), and was also a nominee for the body’s banking and finance and money market awards for two years. In 2013, he also won the Most Outstanding Business-Reporting Title Editor award of the National Institute of Marketing of Nigeria (NIMN). A minister in the LORDS’s vineyard, he has been an inspirational speaker and resource person at many corporate and religious fora since early 2004, and has so far authored three books on the capital market; on personal effectiveness, and on personal finance, in 2008 and 2014, respectively.