The Federal Government on Wednesday approved a 29-member tripartite committee on a new minimum wage being clamoured for by the workers.

The Minister of Labour and Employment, Chris Ngige, disclosed this to State House correspondents at the end of the weekly meeting of the Federal Executive Council presided over by the Acting President, Prof. Yemi Osinbajo.

Ngige said the approval came after an extensive deliberation on the report of a technical committee on the issue, which he chaired.

“The matter needs to be thrashed out by all stakeholders, because already, employers under the umbrella of the Nigeria Employers’ Consultative Association have rejected the N56,000 minimum wage proposal,” the minister said.

The tripartite committee will be chaired by a seasoned technocrat appointed by the Federal Government, which will also nominate five of the members, while six state governors will also be members.

The Minister of Budget and National Planning, Udo Udoma, said the 2017 Appropriation Bill, which the National Assembly transmitted to the Executive last Friday, was still undergoing analysis.

Udoma explained that at the end of the analysis being carried out by all ministers, recommendations would be made to the President.

“When the budget is approved, we first analyse it, review it and then make our recommendations to the President. We are working hard, we are still in the analysing process and getting inputs from the ministers,” he said.

The minister described the Gross Domestic Product figures released by the National Bureau of Statistics on Tuesday as encouraging and an indication that the government’s interventions were working.

“This is the best figure released in four quarters and there is still enough time to make more efforts to stimulate the economy,” Udoma stated.

He said the government would continue with the implementation of the Economic Recovery and Growth Plan.

Udoma added, “We believe that the interventions we are making and the steps we are taking are in the right direction.

“The results that were released were for one quarter. There are still three quarters and we have enough time to do better; we will work hard to continue to stimulate the economy to meet our target.”

The Minister of Interior, Abdurahman Danbazzau, said Osinbajo directed that a proposal for the decongestion and expansion of prisons as well as the establishment of six ‘half-way houses’ across the country be presented to the National Economic Council for more inputs.

He noted that some of the prisons in the country were 100 years old, adding that deplorable prison conditions were worsened by the fact that 70 per cent of inmates were awaiting trial, while five per cent of the remainder were on death row.

http://investorsking.com/fg-okays-29-member-panel-on-n56000-minimum-wage-demand/

At the end of the day the government gives with right hand and take back with the left hand.
Market women are waiting to increase the price of their goods not counting out the landlords

They will create a problem and pretend to be solving it. Who is fooling who?

I'll be back so, let me park here and I hope this will not degenerate into an intertribal war while I'm away.

They need a conference and committee to ameliorate the suffering and meager pittance they give Civil Servants and Workers as minimum wage.

While they move with warpdrive speed when they want to issue silly and convoluted allowances and bonuses to themselves; fellow, Nigerians behold your leaders.

Good one there.

Hope such proposal sees the light of the day and same applied to workers in all sectors of the economy.

Arrears already on my mind if the effective date is backdated.

But the 56k is okay na because in practice, no worker is on GL 01 step 1, meaning the most junior staff will go home with at least 60k.

If it concerns their pocket, nobody will set up a panel. But since it is civil slaves they must deliberate and calibrate.

they should not initiate another N-power scam oo

29-member committee? What are they committeing?

Na Fraud.

okay

eagleeye2:
If it concerns their pocket, nobody will set up a panel. But since it is civil slaves they must deliberate and calibrate.

very useless set of people I tell u

Committees​ and panels........Sighs!

[s]

LionDeLeo:
Good one there.

Hope such proposal sees the light of the day and same applied to workers in all sectors of the economy.

Arrears already on my mind if the effective date is backdated.

But the 56k is okay na because in practice, no worker is on GL 01 step 1, meaning the most junior staff will go home with at least 60k.

[/s]
Rubbish!
talk talk government
till they implement it
it's Nonsense

State governors will sabotage this,I mean the evil ones

56k? I laugh in Hebrew.
Even a tiny increase of the National minimum wage to N18,050 won't work in a country where state governors would loot bail out funds instead of paying workers who have laboured for their salaries. Why will Bayelsa with huge allocations owe salaries? Develop the state, No way. Pay salaries, no way. But spend millions on celebrating the governor's birthday with excess Ogogoro, Yes oh!
Or is it Fayose who's hiding billions of Dasuki loot but can't pay 7 months salary despite bail out that'll now pay 56k? Surprisingly, people hail him on nairaland.
For now, 56k though justified, honestly kolewerk.

Na wa for jobless kids on nairaland ooo.

We can't even have any sensible conversation on any national issue except talking trash.

If the govt refuses to listen to labour demand, they wail and curse. The govt is listening and trying to implement labour demand, they condemn and talk trash still.

Which kain useless generation be this?

Why do we need 29 people to agree if workers shouod be paid 56k Minimum wage....Seriously I am not understanding!

Na wash
Just fanning the fire

Osinbanjo, if you want Nigerians to foh for you, don't waste time on panel



Reduce Senate allocation, they'll only grumble and keep Kwayet


Increase minimum wage to 56k and implement it immediately




Come and see how redeemed church go dey full

DropShot:
Na wa for jobless kids on nairaland ooo.

We can't even have any sensible conversation on any national issue except talking trash.

If the govt refuses to listen to labour demand, they wail and curse. The govt is listening and trying to implement labour demand, they condemn and talk trash still.

Which kain useless generation be this?

I just taya.

They complain about salary increase, now actions are being taken to address the issue, they still complain.

My own be say make the panel do the thing fast. Born to complain idiots can continue with their complains.

Inflation loading

About Goddamn time... NYSC Alawee next pls.


But oh.. This people can form panel for Africa shaa.
Stop giving us false hope. Y'all don't wanna do nothing to elevate the poor masses. No middle class no more self.. It's either u rich as f or broke as f so f y'all.


How man panels una don form for below pic??

nwakibe:
They will create a problem and pretend to be solving it. Who is fooling who?

Thank you

I'm on the panel

U

Anyways, I won't say its a good move until it has been implemented because I'm used to hearing developments on paper.

While civil servants are struggling to earn minimum wages, politicians are there earning maximum wage for doing nothing

Fg should please grow up

It's raining this morning, no work today, let's make babies

Inasmuch as the #56000 minimum wage is unrealistic yet the #18000 take home can no longer take one to the bus stop

welcome development, God bless PMB

I don't even want this salary increment. What I want is for prices of goods and services to drop down drastically, while the exchange rate return to the #100 region(almost impossible).
Secondly, salary harmonization between ministries and parastatals - the difference is just to much!

If the new salary increment is approved, believe me we'll buy bag of rice for 50k in Nigeria. Traders know how to milk people dry just because of salary increment.

Good news