Sponsored
News

Minimum Wage: FG ignores Governors, Provides N160bn For Salary Increases

Sponsored
Sponsored

State Governors in the country may find themselves at the receiving end of workers’ wrath over their insistence on not paying N30,000 as the new minimum wage for workers.

This is as the Federal Government has made a provision of N160 billion in the 2019 budget to take care of adjustments and increases that may arise when the planned new minimum wage comes into effect for federal government workers.

It would be recalled that the Nigeria Governors Forum (NGF), had in a statement at the weekend, insisted that it could only pay N22,500 as the new minimum wage to the anger of organised labour, which called on Nigerian workers to prepare for a long and major strike action over the recalcitrant attitude of the governors.

With the provision in the 2019 budget estimates, the Federal Government may have dumped the governors’ position and choosing to accede to the demands of Labour.

An analysis of the N8.83 trillion 2019 budget revealed that the sum would be used to pay the adjustments that may occur for civil servants in Ministries, Departments and Agencies of the government under the service wide vote.

The N160bn is also expected to take care of arrears of promotion and severance benefits to civil servants.

Similarly, the budget estimates also has the sum of N4.5bn earmarked for the payment of retirement benefits to former Heads of Civil Service of the Federation and retired Permanent Secretaries, while about N5bn was budgeted for payment of death benefits for civil servants and men of the Nigeria Police Force.

The 2019 budget estimates also has provision for entitlements of former Presidents/Heads of State and Vice-Presidents, which expected to gulp N2.3bn and another N1 billion for the retirement benefits for former heads of government parastatals.

The sums of N121.6 billion, N28.3 billion, N7.4 billion and N50 billion are estimated for military pensions, civilian pensions, police pensions and arrears of 33 per cent increase in pension rates respectively.

It would be recalled that the Minister of Budget and National Planning, Senator Udo Udoma, said during the public presentation of the 2019 budget estimates that the government was committed to increasing the minimum wage.

Udoma also confirmed during the presentation that provisions had already been made in the 2019 budget for the wage increase.

He said, “Government is committed to an increase in the Minimum Wage. Provision has been made for this in the 2019 budget.”

 

Sponsored
Alinnor Arinze

Recent Posts

From Hallelujah FC to Benfica: Seimeyeha Janet’s Inspiring Journey to European Football

For every young footballer who laces up a pair of boots in search of a…

36 minutes ago

Olawale, CE Of JR Farms Emerges Inaugural President Of France-Nigeria Agribusiness Club

The Franco-Nigerian Chamber of Commerce and Industry (FNCCI) has announced the appointment of Olawale Rotimi…

53 minutes ago

President Trump Lauds President Tinubu’s Leadership on Security, Pledges Continued US-Nigeria Cooperation

United States President Donald J. Trump has commended President Bola Ahmed Tinubu for what he…

1 hour ago

13-Year-Old Arraigned In Lagos Over Alleged Sexual Harassment

 MICHAEL AKINOLA  A 13-year-old boy has been arraigned before a Magistrate Court in sitting in…

2 hours ago

Asharami Square 3.0: Sahara Group Calls for New Thinking on Energy, Investment and Journalism

Sahara Group has urged stakeholders to rethink how Africa approaches energy transition, infrastructure financing, and…

2 hours ago

Appeal Court Affirms Forfeiture of Retired Gen. Atewe’s Assets to FG, Dismisses Appeal

The Court of Appeal, Lagos Division, on Wednesday affirmed the judgment of the Federal High…

3 hours ago
Sponsored