…Defaulting firms to pay N75,000 fine
The new national minimum wage of N30,000 has been approved by the Nigerian Senate.
Giving the report Tuesday, the acting Chairman of the Senate ad-hoc committee on National Minimum Wage Bill, Senator Francis Alimikhena, urged the Federal Government to begin implementation. He said this will prevent the Nigeria Labour Congress from going on strike.
Also, a N75, 000 fine has been imposed on establishments who fail to comply with the new wage payment.
The committee, while recommending urgent review of the revenue-sharing formula, which will help state governments to pay the minimum wage, called on the Minister of Finance and the Minister of Budget and National Planning to compute and forward to the National Assembly the actual amount required, so that it can reflect in the 2019 budget.
Senate President, Dr. Bukola Saraki, enjoined the Federal Government to commence payment of the new minimum wage immediately, rather than allow the labour force embark on strike first, demanding implementation.
