President Muhammadu Buhari yesterday received the report of the Technical Advisory Committee on the implementation of the new minimum wage at the Presidential Villa, Abuja.
The bill, aiming to increase the minimum wage to N30,000 has passed third reading at the National Assembly.
Prior to the general elections, government had settled for N30,000 as minimum wage for federal workers. State workers were to go home with N27,000 after consulting the National Council of State members comprising former Presidents, military Heads of State including former Chief Justices of the Supreme Court.
The National Assembly however, pegged the wage bill across all categories of workers at N30,000.
Receiving the report of the Bismarck Rewane-led committee, President Buhari assured panel members that government will expeditiously review the report.
According to him, some members of the committee would be engaged during the review.
He said: “We will review this report expeditiously. In the process, we may need to engage some members of your Committee, I therefore implore you to make your services available whenever we may call on you.”
The Presidential Technical Advisory Committee on the Implementation of the National Minimum Wage (PTAC) was inaugurated on January 9, with a mandate to advise the government on how best to fund, in a sustained manner, the additional costs of implementing the imminent increase in the National Minimum Wage.
Buhari said: “You were also asked to advise on the consequential increases in salaries and allowances for other employees, without worsening our already difficult fiscal condition, and without adversely impacting the nation’s development goals as set out in the Economic Recovery and Growth Plan (ERGP).
“The Committee was also required to propose a work plan and modalities for implementation of the salary increase.”
He pointed out that the Technical Committee was “chaired by an economist and businessman, Bismarck Rewane, and has other experienced economists and administrators from the private sector, as well as relevant officials in government. It also has a representative of the Governors’ Forum.