Zainab Ahmed, the minister of
finance, says National Youth Service Corps members will receive the new minimum
wage as allowance.
Speaking on Thursday while
intimating the press on the activities of her ministry, Ahmed said the federal
government is working out the modalities of the new minimum wage.
“Apart from the increase of the
minimum wage from N18,000 to N30,000, there is also a consequential adjustment
that we have to negotiate with the labour unions,” she said.
“The total implication of that
would be worked out only after the negotiations and that would involve
determining how much increase every other employee above the minimum wage would
get.
“It could be a flat amount or a
proportion, but the other aspect that is clear is that there would be an
increase for the National Youth Service Corps as well because, by the Act, they
should earn at least the minimum wage and the NYSC also has to increase to that
N30, 000.
“So, because we have not done the
negotiation with labour, I cannot give you the details of what we are
projecting because it is simply on projections.”
The minister of finance also
announced that a sum of N649.43bn would be distributed to state governments as
the final refund for the Paris Club debt.
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