Buhari To Review Report On N30,000 Minimum Wage - THE DAILY CRUCIBLE



Monday, March 25, 2019

Buhari To Review Report On N30,000 Minimum Wage

President Muhammadu Buhari on Monday received the report of the Presidential Technical Advisory Committee on Implementation of the National Minimum Wage(PTAC), declaring that he would review it expeditiously and act accordingly.

The report was presented to Buhari by the PTAC chairman, Mr. Bismarck Rewane, an economist and established businessman, in company of some committee members.

The Committee was inaugurated last January 9  to advise Government on how best to fund,  the additional costs of implementing the imminent increase in the National Minimum Wage. 

The Committee was also asked to advise on the consequential increases in salaries and allowances for other employees, without worsening the nation's  already difficult fiscal condition or without adversely hurting the development goals as set out in the Economic Recovery and Growth Plan (ERGP). 

The Committee was equally required to propose a work plan and modalities for implementation of the salary increase.

In receiving the document, Buhari lauded Rewane and his team for taking the national assignment with all seriousness, and assured of a quick review of the document.

"Let me thank the chairman, Mr. Bismarck Rewane, and all the Committee members most sincerely for your patriotism, hard work, commitment and sacrifices. I understand that you have worked tirelessly to ensure that you deliver the report before we receive the Minimum Wage Bill from the National Assembly. 

"May I also appreciate the support we received from private sectors, particularly, Access Bank Plc; PricewaterhouseCoopers; KPMG Advisory Services; Financial Derivatives Company and Economic Associates. I thank them all for their contributions to the successful conclusion of the Committee’s work. 

"We will review this report expeditiously. In the process, we may need to engage with some members of your Committee, I therefore implore you to make your services available whenever we may call on you," Buhari said.

- Jane Okafor, Abuja

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