MINIMUM WAGE: FG WILL RETRENCH WORKERS TO MEET N580 BN WAGE BILL – NGIGE
Written by thereachfm on October 4, 2019
The Minister of Labour and Employment, Chris Ngige says the
federal government would have to lay off workers to be able to
meet a wage bill of N580 billion needed to meet labour’s
demand on the new wage.
Ngige told labour leaders in Abuja that the sum is what would
be needed by government to pay the consequential adjustments
as demanded by labour.
A Bill for the New Minimum Wage was signed into law by
President Muhammadu Buhari on April 18.
Government and labour have been locked in an endless tussle
over modalities for the payment of the new wage, long expected
The minister pleaded with labour to accept the consequential
adjustment from levels 7 to 17, adding that government had only
three months left to implement the new wage.