ADVERTISEMENT
  • Africa
  • World
  • Our Shows
    • Entrepreneurship
    • Destination Business
    • 101business TV Show
Business 360 News
  • Home
  • News
  • Markets
    • Stocks
  • Finance
  • Economy
    • Political Economy
    • Energy
    • Maritime
    • Agribusiness
    • Insurance
    • Real Estate
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
  • Sports
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Business Travels
    • Aviation
    • Tourism
    • Hospitality
  • Lifestyle
    • Art
    • Entertainment
    • Fashion
    • Luxury
  • NGOs
  • Business 360 Weekly
No Result
View All Result
  • Home
  • News
  • Markets
    • Stocks
  • Finance
  • Economy
    • Political Economy
    • Energy
    • Maritime
    • Agribusiness
    • Insurance
    • Real Estate
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
  • Sports
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Business Travels
    • Aviation
    • Tourism
    • Hospitality
  • Lifestyle
    • Art
    • Entertainment
    • Fashion
    • Luxury
  • NGOs
  • Business 360 Weekly
No Result
View All Result
Business 360 News
No Result
View All Result
Home Political Economy

Minimum wage bill scales first, second reading in Senate

Benjamin Joshua by Benjamin Joshua
January 25, 2019
in Political Economy
0
Minimum wage bill scales first, second reading in Senate

The National Minimum Wage Bill (2019), on Thursday, scaled both first and second reading in the Senate after which it was committed to a Special Adhoc Committee for further legislative work.

Deputy Senate President, Ike Ekweremadu, who presided over plenary, noted that the Senate decided to give the National Minimum Wage Bill presented to it by President Muhammadu Buhari on Thursday an accelerated hearing due to its importance.

Ekweremadu added that this is the first time that the 8th Senate would suspend its rules to take a First and Second Reading of an Executive Communication.

Senate Majority Whip, Senator Olusola Adeyeye (South West), was named the Chairman of Special Ad-Hoc Committee while other members include Senator Abu Ibrahim, the Chairman of the Senate Committee on Labour; Senator Shehu Sani (representing the North West), Senator Sam Egwu (South East), Senator Suleiman Adokwe (North Central), Senator Francis Alimikhena (South South); and Senator Binta Masi Garba (North East).

Speaking on the Second Reading of the Bill, Ekweremadu said: “Let me congratulate the Nigeria Labour Congress (NLC) and all those who have brought this to this point. I would also like to thank my Distinguished Colleagues for the speedy consideration of this Bill.

“This will be the first time the 8th Senate is reading an Executive Communication and suspending our rules to take a First and Second Reading and assigning the Bill to a Committee, all in one day. This shows how committed we are to this issue.

“I believe what we have said so far will suffice in guiding the Committee. Just to clarify: the new minimum wage brought to us is set at N27,000. There were news reports of N27,000 for state workers and N30,000 for the Federal Government workers, but this is a single national minimum wage of N27,000. Another issue of concern is whether this affects organisations and establishments employing less than 25 persons.

“If this does not affect these people, it means a whole number of people are left outside the minimum wage and that is not right. In most countries, the minimum wage applies to all workers, regardless of the number of people in an establishment.

“I believe that at the public hearing, we will be able to clarify and sort it all out. We must try our best to reduce the gap between the rich and the poor,” the Deputy Senate President said.

The Committee was directed to report back to the Senate in Plenary within two weeks.

Prior to the Second Reading of the Bill, Senators weighed in on the proposed National Minimum wage.

“Let me congratulate the Federal Government, the 36 States of Nigeria and stakeholders on this Bill for the increase in the minimum wage from N18,000 to N27,000. Our Civil Servants will be excited about this. It may not be all they hoped, but it is still an improved situation. Nigeria cannot develop without the help of our Civil Servants,” Senate Majority Leader, Senator Ahmad Lawan said.

“It is important that we lend our voice to see to the realization of this Bill. Even though this may not be enough, productivity is sure to increase,” Senator Shehu Sani stated.

“We will work hard, but it is important that this does not become another election gimmick. Let the people who should get paid, actually get paid,” said Senate Minority Leader, Senator Biodun Olujimi.

“This increase, to me, is just a little scratch,” said Senator Barnabas Gemade, “I think the Federal Government should be able to pay N30,000 as opposed to N27,000. Let us accelerate the passage of this Bill, it should not be delayed any further.”

(Todayng)

Previous Post

Federal government to auction N150 billion bonds on January 30

Next Post

Nigeria signs N2.6 trillion support agreement on tuberculosis, AIDS

Benjamin Joshua

Benjamin Joshua

Next Post
Nigeria signs N2.6 trillion support agreement on tuberculosis, AIDS

Nigeria signs N2.6 trillion support agreement on tuberculosis, AIDS

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
NCAC inaugurates Creative Industry Sub-Committees

NCAC inaugurates Creative Industry Sub-Committees

September 20, 2020
#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

October 21, 2020
COVID-19: Churches comply with strict measures as worship centres reopen in Lagos

COVID-19: Churches comply with strict measures as worship centres reopen in Lagos

August 10, 2020
COVID-19: Maize Farmers cut down production by 30%

COVID-19: Maize Farmers cut down production by 30%

July 15, 2020
‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

25
Goldlink’s restructures board

Goldlink’s restructures board

10
Airtel Africa Plc gets admitted to the NSE Main Board

Airtel Africa Plc gets admitted to the NSE Main Board

6
Stallion Tank Farm resumes operations

Stallion Tank Farm resumes operations

3
2023 Eonomy outlook: Financial Experts at Parthian Group offer recipe for profit taking in equities investment

2023 Eonomy outlook: Financial Experts at Parthian Group offer recipe for profit taking in equities investment

February 9, 2023
Deputy British High Commissioner Engages Capital Market Stakeholders

NGX Appoints Advisory Panel on Digital Technology Products

February 7, 2023
FMDQ Depository Limited Becomes a Member of the International Securities Services Association

FMDQ Depository Limited Becomes a Member of the International Securities Services Association

February 7, 2023
Ethiopian Airlines assures Air Travelers of planned resumption of flight to Kano and Enugu

Ethiopian Airlines Inaugurates a second Aviation Academy Campus in Hawassa

February 7, 2023
Business 360 News

Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.

Follow Us

Browse by Category

  • Africa
  • Agribusiness
  • AI
  • Art
  • Arts
  • Aviation
  • Blockchain
  • Business 360 Weekly
  • Business Travels
  • Capital Market
  • Corporate
  • Destination Business
  • Economy
  • Education
  • Electric Vehicles
  • Energy
  • Entertainment
  • Entertainment
  • Entrepreneurship
  • Fashion
  • Fashion
  • Finance
  • Health
  • Hospitality
  • ICT
  • Insurance
  • IoT
  • Lifestyle
  • Luxury
  • Maritime
  • Meetings
  • News
  • NGOs
  • Political Economy
  • Real Estate
  • SMEs
  • Society
  • Solar Energy
  • Sports
  • Start-Ups
  • Stocks
  • Success Stories
  • Tech
  • Tourism
  • Transportation
  • Uncategorized
  • World

Recent News

2023 Eonomy outlook: Financial Experts at Parthian Group offer recipe for profit taking in equities investment

2023 Eonomy outlook: Financial Experts at Parthian Group offer recipe for profit taking in equities investment

February 9, 2023
Deputy British High Commissioner Engages Capital Market Stakeholders

NGX Appoints Advisory Panel on Digital Technology Products

February 7, 2023
  • Africa
  • World
  • Our Shows

© 2022 Business 360 News - Business, Finance And SMEs News | Design by Manifest!

No Result
View All Result
  • Home
  • News
  • Markets
    • Stocks
  • Finance
  • Economy
    • Political Economy
    • Energy
    • Maritime
    • Agribusiness
    • Insurance
    • Real Estate
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
  • Sports
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Business Travels
    • Aviation
    • Tourism
    • Hospitality
  • Lifestyle
    • Art
    • Entertainment
    • Fashion
    • Luxury
  • NGOs
  • Business 360 Weekly

© 2022 Business 360 News - Business, Finance And SMEs News | Design by Manifest!