Skip to main content

News: PRESIDENT MUHAMMADU BUHARI APPROVES $98 AS NIGERIA'S NEW MONTHLY MINIMUM WAGE.

Breaking News:  PRESIDENT MUHAMMADU BUHARI APPROVES $98 AS NIGERIA'S NEW MONTHLY MINIMUM  WAGE.
    
Nigerian President Muhammadu Buhari on Tuesday signed an agreement with organized labour raising the minimum wage in Africa’s most populous nation.

The new figure of 30,000 naira is almost double the now former figure of 18,000 naira. The agreement helped avert a planned nationwide strike by labour.
Nigerian Labour Congress (NLC) General Secretary Peter Ozo-Eson confirmed earlier on Tuesday that the strike was cancelled after government accepted to raise the minimum wage.
A committee set up with the government in November 2017 recommended the 30,000 naira new monthly minimum wage, after a series of meetings. Government was represented by Labour Minister Chris Ngige in the meetings.
The figure was subsequently recommended to President Muhammadu Buhari and has now been approved. Monthly minimum wage is “the lowest wage that an employer is allowed to pay; determined by contract or by law.”
The next move is for the Executive Bill to be presented to the National Assembly. “I ask for patience and understanding from everyone in the coming weeks, as we commence a review of the Minimum Wage Report. Our plan is to transmit an Executive Bill to the National Assembly for passage within the shortest possible time,” Buhari said after receiving a report from the government committee.
The National Assembly is likely to pass the bill without any fuss given the sensitive nature of the discussions and more so with Nigeria heading into the elections, any delay will be counted against them at the polls.
Nigeria’s main unions launched a strike in September after the wage talks broke down. Unions initially wanted the monthly minimum wage raised to about 50,000 naira ($164). But the government, which is facing dwindling revenues due to lower oil prices, declined the proposal.
Unions later suspended strikes on their fourth day, saying the government had agreed to hold talks to discuss raising the minimum wage.
President Buhari had vowed to review the wage due to a fuel price hike and currency devaluation in the last two years aimed at countering the effects of a global oil price plunge that hit the country hard. Nigeria is Africa’s biggest crude producer.
President Buhari plans to stand for a second term at an election next February and his economic record will come under scrutiny, given previous pledges to raise living standards, tackle corruption and improve security. KYLEOIVREPORTS.


Comments

Post a Comment

Popular posts from this blog

EKSU BULLS FALLS TO A DISAPPOINTING DEFEAT IN OAU

KYLEOIVREPORTS EKSU BULLS FALLS TO A DISAPPOINTING DEFEAT IN OAU          Mr. Sprite Hoop challenge is an award winning competition  that includes the knockout stage,dunk contest, shooting contest, zanku dance,rap battle and award presentation .        Mr. Sprite Hoops challenge games came again with another interesting basketball event this year making it the 2nd of its kind as a total number of 5 higher institutions competed for the trophy. The competition which involved all invited higher institutions  where winner in the challenge were fully awarded.          Eksu basketball team which was Nicknamed   EKSU BULLS   were among the school invited for the challenge, going there fully motivated and with the hope of bringing a gold medal back home . Eksu basketball team hope hit a giant rock after losing two games consecutively .   ...
Post a Comment
Read more

RELATIONSHIP TALKS: HOW NOT TO END A RELATIONSHIP.

                                            Love Beautiful, young, starry eyed Kendra met a charming, older guy with all the trappings of a big boy, who swept her off her feet. For Kendra and Duke, it was love at first sight and he had everything that would keep a girl joined to his loins. So, he wined and dined and cared for her the rest of her two years in the University. He kept a close mark on her all through her NYSC Service years and pronto, proposed marriage to her. For Kendra, it was more than she ever imagined possible and so was hopefully looking forward to the wedding date.  Then all hell broke loose. At one of their nights out, clubbing, a guy walked up to Kendra and without warning planted a kiss on her lips. Before both of them could get out of the shock of the audacious incident, the guy went into a rant, asking why she failed to show up at his place...
Post a Comment
Read more

SINGER, LAGBAJA UNMASKED BY AREMU AFOLAYAN IN BIRTHDAY POST?.

Nigerian singer, Lagbaja is known as the masked one. Since he started his musical career in early 90’s, legendary singer, born Bisade Ologunde popularly known as Lagbaja never revealed his identity to the World. The singer has managed to keep his identity hidden by always wearing a mask, with many still yet to understand the reason behind it. This morning, Nollywood actor Aremu Afolayan took to his Instagram page to celebrate the ‘Kon Kon below’ crooner who turned a year older today and he appeared to unmask his face. See his post below: KYLEOIVREPORTS . 
Post a Comment
Read more