Nigerian workers will soon get a new minimum wage as the country heads into election in 2019.
It follows a recommendation by the country’s Tripartite Committee on the review of National Minimum Wage to increase the wage from ($49) N18, 000 to ($82) N30, 000.
The Chairman of the Committee, Amal Pepple remarked when the Committee presented its recommendations to President Muhammadu Buhari on Tuesday that the new minimum wage was based on the high cost living, due to rising inflation.
“After carefully weighing these critical factors and bearing in the mind the overriding interest of the economy, the committee, while noting the offer of N24,000 ($66) by the Federal Government, is recommending an increase in the existing minimum wage from N18,000 ($49) to N30,000 ($82).
“We believe that the implementation of the recommended minimum wage, will, no doubt, boost the purchasing power of workers, increase consumption expenditure and ultimately stimulate business and overall economic growth,” said Pepple.
Ensuring workers get new wage
On his part President Buhari said he was committed to implementing the new wage to the letter.
Buhari’s pledge reported, reported the Punch followed the acceptance of the new wage by the Presidential candidate of the People Democratic Party (PDP) Atiku Abubakar.
“Our plan is to transmit the Executive Bill to the National Assembly for passage within the shortest possible time.
“I am fully committed to having a new National Minimum Wage Act in the very near future,” he said.