FG Targets September For New Minimum Wage

FG Targets September For New Minimum Wage

FG Targets September For New Minimum Wage

FG Targets September For New Minimum Wage

• All employers must pay N66, 500, NLC insists

• TUC vows to resist petrol tax in PIGB

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The Federal Government will expedite action to ensure that a new minimum wage is ready by the second quarter of the year, Vice President Yemi Osinbajo has promised. At the 2018 May Day celebration in Abuja, yesterday, he also used the means to assure stakeholders that delays in the payment of salaries and pensions would end, as the welfare of workers would be prioritised.

“The argument for a national minimum wage cannot be faulted, because minimum wage is the minimum amount of compensation an employee must receive for putting in his or her labour. And as such, should be anchored on the principles of social justice, equity, and fairness. We believe that those who can pay above the social protection floor are free to do so, as many have been doing in many states and sectors of the economy, ” he said .

Osinbajo was hopeful that the “Tripartite Committee , comprising government, labour, and the private sector, will expedite its assignment, to enable the Federal Government to present an executive bill on a new national minimum wage to the National Assembly for passage into law, as soon as possible.

While the new wage is still in the works, the Nigeria Labour Congress (NLC), yesterday, insisted all employers across the country must pay it. “We have also proposed that the minimum wage law should apply to all workers and not be restricted only to establishments with 50 workers and above. We have also demanded that there should be minimum pension for our retired workers and senior citizens who currently, in some cases, are receiving N 2000 as monthly pension. We insist that once the Minimum Wage Act is signed into law, all employers in public and private sectors must pay at once. We shall stand with those willing to pay more than the minimum. We shall resist any move to renegotiate the minimum wage at any level, ” he said .

Also read: Senate Support Increment Of Minimum Wage, To Mark International Workers Day

Wabba urged the Federal Government to ensure federal allocations are not released to states and local governments that refuse to implement the new wage, warning: “We are battle – ready against public and private organisations that would refuse to conform to the new minimum wage. At our disposal is the power of our votes! We shall ensure that governments that refuse to pay the new minimum wage will not receive the support of the working class, pensioners and their families.”

He argued that the N66, 500 being demanded by labour as national minimum wage would at best meet only the basic needs of the average Nigerian worker, if inflation is kept at a single digit.

The President of the Trade Union Congress (TUC) , Bobboi Kaigama , on his part, declared that labour would resist the five per cent petrol tax levy inserted into the Petroleum Industry Governance Bill (PIGB).

“Why is it coming now that Nigerians are going through excruciating pains from the mismanagement of the economy? What is the necessity of the marginal levy when Nigeria has not fully broken the shackles of fuel scarcity?” Kaigama asked, adding: “If the National Assembly cannot lessen our burden, they should not make it worse. That levy has to be removed immediately. The excuse that the money would be used to fund the Petroleum Equalisation Fund (PEF ) is not tenable. ”

He faulted the idea of a single regulator for the Nigerian oil and gas industry, saying: “We reiterate that government should ensure that the oil and gas industry operates in line with international best practices in the interest of the nation, more particularly, on technical and commercial regulations. The need for two independent regulators as obtained prior to the proposed PIGB, one for the upstream and one for the downstream sectors, (should) be maintained.”He called for the Petroleum Products Pricing Regulatory Agency (PPPRA) to superintend the downstream sector , having had the relevant experience, structure and personnel, while the Department of Petroleum Resources (DPR) oversees the upstream sector.

Kaigama added: “The Federal Government must see the issue of electricity as a priority. The government are good to cover up their failure. “We urge government to hold these investors to account and stop treating them with kid gloves. They must comply with the agreement they signed in their contracts with the Bureau of Public Enterprises (BPE). Excuses must stop. The contracts should be reviewed immediately. We need real investors to take over the power sector This so-called privatisation has failed.”

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN ) also issued its May Day message, calling on the National Assembly to put in place legislations addressing disregard by indigenous and marginal field operators for the constitution, extant labour laws and international conventions to which Nigeria is signatory.