Workers were yesterday full of excitement over the acceptability of President Muhammadu Buhari to pay the proposed N30, 000 minimum wage.
“I am fully committed to having a new national Minimum Wage Act in the very near future,” President Muhammadu Buhari said.
He was receiving the report of the committee set up to resolve the wage problem.
Nigeria Labour Congress (NLC) President Ayuba Wabba led the way in hailing the presentation of the N30, 000 minimum wage recommendation report to Buhari.
He said payment of the new wage might be difficult at the beginning of implementation, but “if there is the will, we are certain that there will be a way out.”
He told reporters at the Villa after the Tripartite Committee submitted its report to the President: “When the N18, 000 was actually implemented in 2011, most of the states emptied their treasury. They had difficulty.”
Lagos Chamber of Commerce and Industry Director-General Muda Yusuf said although the private sector was paying above the current minimum wage, “there may be different challenges for the SMEs as they may adopt different models for engagement. Rather than keep all the staff, they may rationalise them by inviting only those that they need at a particular time. The big corporations have nothing to worry about as they are already paying the minimum wage.”
The Nation Newspaper