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Home Economy

FG seeks minimum wage compliance, begins implementation 

Business 360 by Business 360
December 23, 2022
in Economy
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FG borrowed N1.3tn in four years to subsidise power consumers, firms – World Bank

The Federal Government on Thursday announced that the implementation of the National Minimum Wage was critical to national development. This was disclosed by the Minister of Labour and Employment, Dr Chris Ngige, at a public enlightenment and sensitisation workshop for field officers monitoring the implementation of the National Minimum Wage in Abuja, which was organised by the National Salaries Incomes and Wages Commission.

Ngige said, “Ensuring compliance with the National Minimum Wage Act would ensure that workers were not short-changed. “A satisfied worker would contribute effectively and efficiently to the sustainability and growth of an enterprise. This will in turn contribute to national development and less disruptions in productivity, occasioned by industrial actions.

“There is an urgent need, therefore, to ensure a minimum living wage to all employed and in need of such protection and attain a just and equitable share of the fruits of progress.”

Speaking further, he said the formal and informal sectors were represented during the collective bargaining mechanisms that produced the Act. He said with that, no establishment could claim ignorance or non-involvement in reaching the collective bargaining agreement on the minimum wage. He stated that all establishments were bound by the Act.

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