The Senate on Tuesday approved N30,000 as the new national minimum wage.
This decision was reached after the upper chamber’s ad-hoc committee on new minimum wage headed by Senator Francis Alimikhena submitted its report.
The Senate then went on to request the Federal Government to submit a supplementary budget to cover the new wage structure for consideration and approval.
The report recommended that N30, 000 be approved as minimum wage for Nigerian workers.
It also recommended that the federal government put in place a procedure to review revenue sharing formula to enhance state capabilities towards implementation of the new wage.
The committee also suggested that relevant agencies should compute the cost implication of the bill on the 2019 budget and forward same to the National Assembly.
N75, 000 was recommended as fine ‘for not keeping records of employees.
The lawmakers adopted all the recommendations.
The Senate Leader, Ahmed Lawan, commended the federal government for its effort on the bill.
The Minority Leader, Biodun Olujimi, urged the federal government to pay more attention to the revenue sharing formula to lawfully enforce compliance by state governments.
The bill passed the first and second reading at the Senate on January 24.
It was referred to an ad-hoc committee headed by Olusola Adeyeye.
However, the committee’s chairman had to be changed last week due to his unavailability on health grounds.
The House of Representatives had on January 29 approved N30, 000 as minimum wage for workers in the public and private sectors.