30,000 naira was approved by the Senate on Tuesday as the new national minimum wage, with a plea to start implementation to avoid another strike from labour demanding for payment
Senator Francis Alimikhena, the acting chairman of the Senate adhoc committee on national wage bill stated in a report that a fine of 75,000 naira has been imposed on firms that fail to adhere to the wage payment
An urgent view of the revenue sharing formula was also recommended by the panel, which would improve the states to pay the new minimum wage
The committee urged the Minister of Finance and her counterparts in the Budget and National Planning to as a matter of urgency , compute and forward to the National Assembly, for inclusion in the 2019 budget , the actual amount required for the new minimum wage .
Ahmad Lawan, Leader of the Senate wondered why there was an increase in the fine, from N5,000 – N75,000 for non compliance as recommended by the executive
He praised the Federal Government for fulfilling its promise to the Nigerian workers and urged the organised labour to reciprocate the gesture by being more productive .
Senator James Manager was displeased because some state governments had refused to comply with the N18,000 minimum wage Biodun Olujimi, the minority leader stated that the review of the revenue-sharing formula would enable more state governments to pay the new wage .
Senator Barnabas Gemade also stated that the bill was passed to make known that the National Assembly was committed to the welfare of the workers .
Senator Andrew Uchendu, said the tripartite committee should hold regular meetings with a view to constantly review the minimum wage .
The Federal Government takes 56 per cent, states receive 24 per cent while the local governments share the remaining 20 per cent, under the current sharing arrangement
The Senate in the committee of the whole approved all the recommendations contained in the report.
Bukola Saraki, the senate president, pleaded with the Federal Government to pay the new minimum wage as early as possible instead of waiting for the workers to go on strike to demand the payment