The report of the sixteen man Technical Committee for the review of the national minimum wage in Nigeria has been adopted by a Joint Committee, and will be laid before the Federal Executive Council, FEC, next week for consideration.
The Chairman of the Committee, and Minister of Labour and Employment, Senator Chris Ngige announced in Abuja, on Friday.
Sen. Ngige said that after reviewing the report, FEC will set up a twenty-nine-man tripartite Committee to review the national minimum wage.
The Committee will comprise the representatives of the federal government, state governments, private employers, and leadership of the labour unions that will come out with an agreed figure as a new minimum wage for the country.
He noted that after the Tripartite Committee worked on the new minimum wage, the agreed document by the Committee would be forwarded to the National Assembly for debate.
It is expected that a public hearing will be conducted on the agreed figures.
The minister said the bill when passed by National Assembly, would then be transmitted to the President for assent as a new minimum wage for the country.
Sen. Ngige explained that the aim was to cushion the effects of economic hardship faced by Nigerians, as a result of the deregulation of petrol prices by the federal government last year, from N86 to N145.
He assured them that the government was doing all it could to address some of the challenges that came as a result of the deregulation.