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N30,000 minimum wage: FG to inaugurate implementation committee on Tuesday

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N30,000 minimum wage: FG to inaugurate implementation committee on Tuesday

The Federal Government will on Tuesday in Abuja inaugurate the N30,000 new national minimum wage implementation committee, almost one month after President Muhammadu Buhari signed the bill into law.


Dr Chris Ngige, Minister of Labour and Employment said this while fielding questions on television concerning the time for payment of the new wage.

Ngige did not state when government would start payment but said that arrears would be paid anytime implementation of the new wage began.

He said there were still processes and procedures the new wage would undergo before the commencement of its implementation, even though it had been passed and signed into law.

”It is a whole process and the salary and wages commission will do its job before implementation,” the minister said.

He said that the committee was made of seven ministers with the Head of Service of the Federation, Mrs Winifred Oyo-Ita as Chairman.

The minister said that those at the lowest cadre of employment whether in the public or private sector would earn N30,000 as the law provided.

He said however for the cadre of workers already earning above the minimum wage, there would be consequential adjustment from the top.

Ngige added that the relevant agency of government would soon issue a circular on the expected adjustments.

Meanwhile, Mr Ayuba Wabba, the President of the Nigeria Labour Congress (NLC), has expressed worry over the delay in the commencement of the implementation of the new wage.

 

Chinyere Elele-bassey: is a graduate and a professionally trained journalist, with experience in national news reporting/editing and verification at the News Agency of Nigeria. NNN is a Nigerian online news portal that publishes breaking news in Nigeria, and across the world. Our journalists are honest, fair, accurate, thorough and courageous in gathering, reporting and interpreting news in the best interest of the public, because truth is the cornerstone of journalism and they strive diligently to ascertain the truth in every news report. Contact: editor[at]nnn.com.ng

Economy

2020 budget: expert sets 90% implementation target for FG

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Mr Godwin Eohoi, an economic expert has urged the Federal Government to ensure that about 90 per cent of the 2020 budget is implemented following its early passage by the National Assembly.

Eohoi, also the Registrar Institute of Finance and Control of Nigeria (IFCN) said this while speaking with the Nigeria News Agency in Abuja on Tuesday.

The registrar, who was reacting to the early passage of the 2020 appropriation bill, explained that with the passage, President Muhammadu Buhari-led government had no excuse in ensuring the full implementation of the bill.

He said that since the legislative arm of government had played its part, Buhari should look at the estimates and assent to it as soon as possible without delay.

According to him, Nigeria has one of the best budgets in the world but implementation is usually the problem.

Now that the 2020 appropriation bill has been passed into law, we should be hopeful and targeting 90 per cent implementation, it shouldn’t be 50 per cent or thereabout as experienced in the past.

This is a good development for the country for the National Assembly to pass the budget in record time.

This has shown the kind of cordial relationship that exists between the legislature and executive which is good for economic planning in the country.

The president has made the promise of bringing the country’s budget to 12 months calendar circle, that is to have it run from January to December.

I can see that Buhari means business because he is now working with lawmakers to redeem his pledge,’’ he said.

The expert noted that if this was adhered to, this arrangement would help importers and exporters to have a good planning.

He commended the legislature and Buhari for this stride, adding that if sustained, it would help to boost the economy of the country.

Edited by: Ese E. Ekama
(NAN)

 

 

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Economy

Ministry pledges support for WTO Trade Facilitation Agreement implementation

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The Ministry of Industry, Trade and Investment on Monday pledged to provide the needed support for the successful implementation of the World Trade Organisation’s (WTO) Trade Facilitation Agreement (TRA).


Mrs Mariam Katagum, the Minister of State for Industry, Trade and Investment made the pledge when the National Trade Facilitation Committee visited her in Abuja.

She said there was the need to engage heads of relevant agencies with a view to contributing their quota to ensure full implementation of the agreement.

Earlier, the Acting Chairman of the Committee, Mr Aliyu Abubakar said that full implementation of the agreement became imperative in view of the need for Nigeria to join other signatories to the agreement to simplify trade procedures.

According to Abubakar, all members of WTO will simplify their trade procedures and there will be reduction of tariff and non-tariff arrears which will give market access to our traders.

It will actually help us in terms of diversification of our economy.

This will also promote economic growth and development because Small and Medium Enterprises (SMEs) operators will be able to access foreign markets through the trade facilitation that simplifies processes and procedures.

So there is a window for our SMEs and our markets and there is also reduction in time of doing business.

Where ever you go, the length of time will be shortened so it will be better for you and you stand to gain from short time of doing business,’’ Abubakar said.

He further said that the publications on TFA portal would provide traders the needed information that would guide their operations.

If you go to our TSA portal, it is easier for you to get information to do a lot of trading.

We have implemented some parts of the agreement but we still need to do more because we have obligation to implement the whole of the agreement and the committee is working to implement all the agreement,’’ he said.

On her part, Alice Stephens, the Senior Private Sector Specialist, World Bank Group, said that the bank would provide support in three key areas to facilitate implementation of the agreement by Nigeria.

She listed effective risk management, capacity building among agencies saddled with border management and transparency as the areas the World Bank would provide support toward the implementation of the agreement.

Nigeria News Agency recalls that Nigeria ratified the Trade Facilitation Agreement in 2017, making it the 107th World Trade Organisation member to do so.

Edited by: Ese E. Ekama
(NAN)

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General news

2020 budget: Reps minority caucus promises to monitor implementation

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The Minority Leader of the House of Representatives, Rep. Ndudi Elumelu (PDP-Delta), has pledged the commitment of members of the opposition parties in the house to ensure effective implementation of the 2020 budget.


Elumelu who made the pledge in a statement on Sunday in Abuja, said the opposition caucus would step up its oversight activities for effective monitoring and implementation of the N10.59 trillion budget for the 2020 fiscal year.

He said the minority leadership has worked out an end-to-end monitoring strategy that would ensure effective implementation, check corruption, diversions and plug waste.

“Nigerians have placed confidence on the opposition for solution and as such has directed opposition lawmakers to brace up,“he said.

He said that no stone would be left unturned in ensuring that budgetary provisions, especially the ones that have direct bearing on the wellbeing of the masses were fully implemented.

The lawmaker said part of the implementation monitoring strategy was to stimulate citizen’s ownership of budgetary project by carrying the people along through free-flow of information.

He said that information on siting, size, utility, cost, releases and job execution progress would be made handy.

The minority leader called on all lawmakers to ensure effective and timely implementation of constituency projects in line with their commitment to the people.

He also tasked ministries and agencies to exert its implementation capacity to ensure that all funds released to them were fully utilised and accounted for.

Elumelu called on all ministries, departments and agencies, particularly revenue-generating agencies, to develop more effective wealth-creating strategies that would not place more burden on the citizens.

The legislator assured that the opposition would  not relent but redouble its efforts in protecting the interest of the people.

Edited & Vetted By: Joseph Edeh/Kayode Olaitan
(NAN)

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General news

Gov. Sule sets up committee on implementation of minimum wage

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Gov. Abdullahi Sule of Nasarawa State has constituted a committee to work out modalities for the implementation of the N30,000 minimum wage, Haruna Ogbole, finance commissioner, said on Friday in Lafia.


Ogbole, while giving a breakdown of the 2020 budget of N100.51 billion, said that government was engaging the organised labour on the modalities for the implementation of the minimum wage.

The Nigeria News Agency , reports that the Commissioner, who did not name members of the committee, said, however, that he was a member.

When contacted, Mr Yusuf Iya, Chairman, Nigeria Labour Congress (NLC), Nasarawa State Council, said that the union was aware that the government had set up its side of the negotiating committee for the implementation of the minimum wage.

The NLC Chairman added that the union’s committee was ready and was waiting for the government to commence the process.

“We have already written to the government and submitted a template of the new minimum wage  through the Public Service Joint Negotiating Council.

“As soon as we receive communication on this regard from the government, negotiations will commence,” Iya added.

He, therefore, called on workers in the state to remain calm and be law abiding as their welfare was being given the priority it deserved.

Edited & Vetted By: Tayo Ikujuni and Ephraims Sheyin
(NAN)

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Contact US: editor @nnn.com.ng, nnnnews247 @gmail.com

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