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|Interesting: See How Fg Plans To Fund New N30,000 Minimum Wage by ScooperOfficial: 3:25pm On Mar 19, 2019|
[b]READ MORE HERE: https://m.scoopernews.com/detail?newsId=2326910
Minister of Budget and National Planning, Senator Udo Udoma, has said that the Federal Government was considering increasing Value Added Tax, to enable it fund the new national minimum wage.
Udoma stated this on Tuesday while appearing before the Senate Committee on Finance.
The Minister also told the panel headed by Senator John Owan-Enoh, that the Technical Advisory Committee on the minimum wage, will submit its report to President Muhammadu Buhari this week.
He said, “The current minimum wage of N18,000 is really too low. It is difficult for workers to manage on that amount.
“The President supported a review, but it is important that as we are revising it, we should be able to fund it.
“It is in the light of this that we would be coming to you (Senate) because there may be the need to make some changes, especially the VAT, in order to fund the minimum wage once it is announced.”
The Senate on the same day, approved N30,000 as the new national minimum wage.
This decision was reached after the upper chamber’s ad-hoc committee on new minimum wage headed by Senator Francis Alimikhena, submitted its report.
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|Re: Interesting: See How Fg Plans To Fund New N30,000 Minimum Wage by oyepaulkay(m): 3:33pm On Mar 19, 2019|
Nothing goes for nothing.
|Re: Interesting: See How Fg Plans To Fund New N30,000 Minimum Wage by Nobody: 4:34pm On Mar 19, 2019|
What are they increasing VAT for?
Since they’re successfully fighting corruption, they can use recovered loot to fund it.
And they can’t say they don’t have more than enough funds in their coffers
|Re: Interesting: See How Fg Plans To Fund New N30,000 Minimum Wage by Nobody: 11:11am On Mar 20, 2019|
Giving to the masses and at same time collecting it back
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