“After carefully weighing these critical factors and bearing in the mind the overriding interest of the economy the Committee while noting the offer of N24,000 by the federal government, is recommending an increase in the existing minimum wage from N18,000 to N30,000.
“We believe that the implementation of the recommended minimum wage, will, no doubt, boost the purchasing power of workers, increase consumption expenditure and ultimately stimulate business and overall economic growth.”
“The committee has also produced a draft National Minimum Wage Bill 2018 for consideration by government. We strongly believe that the enactment of the draft bill into law is very critical to the operation and future reviews of the National Minimum Wage”, she stated.
The NLC President, Ayuba Wabba, also revealed that “every member of the committee signed the report. Our recommendation is N30,000 and I think it is not hidden. It has been made public today and that is the recommendation that the committee has made to the President.
“When the N18,000 was actually implemented in 2011, towards 2015, most of the states emptied their treasuries and therefore they had difficulty. If there is the will, we are certain that there will be a way out.
“All of us know that a number of factors have affected the purchasing power. The value of the N18,000 then was almost N140 to the US dollar. So, the economic factor is very germane.”
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