Tuesday, January 29, 2019

House Of Reps Approve N30k As New Minimum Wage

The House of Representatives has approved N30,000 as the new national minimum wage.

The approval was agreed upon during the plenary session on Tuesday.

The House also adopted the report of the ad hoc committee which was set up to look into the bill earlier presented by President Muhammadu Buhari.

On Monday, a public hearing was held on the minimum wage bill, during which stakeholders presented various positions on the adoption of a new minimum wage figure.


Two clauses, however, exist. First, it takes effect from the date the President gives assent. Secondly, based on an earlier clause, companies with less than 25 people are excluded from being covered by the provisions of the bill.

The bill has been referred to the necessary committees for action, as well as the Senate.

The House of Representatives, afterwards, adjourned plenary till February 19, 2019.

4 comments: