The Federal Authorities is getting ready a supplementary funds for the 2024 fiscal yr to help the implementation of a brand new minimal wage for staff.
This was revealed by the Minister of Data and Nationwide Orientation, Mohammed Idris, on the finish of the Federal Government Council (FEC) assembly on the Stats Home on Monday.
The event comes as a part of ongoing efforts to handle the Organised Labour’s issues and set up a good wage construction for all Nigerians.
Talking after the FEC assembly presided over by President Bola Tinubu, Idris revealed that the federal government has directed the Ministry of Finances and Nationwide Planning to develop extra monetary help for the 2024 funds.
This transfer goals to bridge any hole between the beforehand authorized 2024 funds and the necessities of the proposed new minimal wage.
He defined that this may cowl any differential or any hole that may exist by way of what existed earlier than the 2024 funds was authorized.
He stated, “now, you’re additionally conscious that final week, the Nigeria Labour Congress met the President. This, after all, was a part of the session that the President has agreed.
“Recall that he had met the Organised Sector, he had additionally met subnationals after the tripartite committee on Labour had submitted its report.
“To be able to guarantee that there’s a thorough evaluation of the state of affairs in order that authorities would provide you with a minimal wage that works for all Nigerians, federal authorities, the subnationals and the organised non-public sector.
“That was additionally mentioned right now. And authorities has additionally directed the Ministry of Finances to additionally provide you with extra help for the 2024 funds, in order that any differential or any hole that may exist by way of what existed earlier than 2024 funds was authorized, a supplementary funds and in addition what the requirement is for now.
“So, authorities is working across the clock to make sure that it comes up with a minimal wage, like I stated, that works for all Nigerians. On the finish of the day, this after all might be submitted to the Nationwide Meeting with the intention to have legislative backing.”
He additionally revealed that President Tinubu has been scheduled to satisfy with the NLC, Commerce Union Congress (TUC), and their associates on Thursday.
The assembly is anticipated to be an important step in finalizing the brand new minimal wage proposal earlier than it’s submitted to the Nationwide Meeting for laws.
Idris emphasised the federal government’s willpower to resolve the wage difficulty, stating that authorities was working across the clock to make sure that it comes up with a brand new minimal wage that works for all Nigerians.
