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Will Buhari deliver on new national minimum wage? Last Monday, November alfa forex review, 2017, President Muhammadu Buhari inaugurated a 30-member tripartite National Minimum Wage Committee for the negotiation of a new National Minimum Wage for Nigerian workers. The inauguration held inside the Council Chamber of the Presidential Villa, Abuja, had in attendance governors and senior government officials.

The President said the inauguration of the committee followed the recommendation of a technical committee put in place after the increase in the price of petrol in 2016. He also said the current minimum wage being used in the country had already expired. Nigerian Employers’ Consultative Association, Manufacturers Association of Nigeria, Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture and Nigerian Association of Small and Medium Enterprises. Roy Ugo, the Permanent Secretary, General Services, Office of the Secretary to the Government of the Federation. The President, Nigerian Union of Petroleum and Natural Gas Workers, Igwe Achese, is also a member. On the employers’ side are Olusegun Oshinowo, Director General, Nigeria Employers’ Consultative Association, as well as Timothy Olawale and Chuma Nwankwo. Francis Oluwagbenro also from MAN are members.

It is important to understand how the issue of the national minimum wage came about. Nigeria joined the league of International Labour Organisation member countries that set minimum wage for their workers in 1981. The last time a minimum wage was set before the current one being reviewed was in 2000 with effect from May 1, 2001. Then, the wage was set at a paltry N5,500. In order to negotiate this request from the NLC and the TUC, the Federal Government set up a tripartite committee made up of representatives from the government, labour and the organised private sector. On the part of the government were four cabinet ministers, three state governors and a representative of the National Salaries, Incomes and Wages Commission. Information has it that this committee met for over one year, discussing and negotiating with different stakeholders.