President Muhammadu Buhari has received the report of the presidential technical advisory committee on implementation of the minimum wage.
Recall that the president had on January 9, inaugurated the committee headed by economist and businessman, Bismarck Rewane with a mandate to advise government on how best to fund, in a sustained manner, the additional costs of implementing the imminent increase in the National Minimum Wage.
The Senate and House of Representatives had recently passed the minimum wage bill. In his remarks while receiving the report, yesterday, President Buhari said the committee was also asked to advise on the consequential increases in salaries and allowances for other employees, without worsening the already difficult fiscal condition, and without adversely impacting the nation’s development goals as set out in the Economic Recovery and Growth Plan (ERGP).
According to him, the committee was also required to propose a work plan and modalities for implementation of the salary increase.
He further stated that the Technical Committee is chaired by an economist and businessman, Bismarck Rewane, and has other experienced economists and administrators from the private sector, as well as relevant officials in the government.
It also has a representative of the Governors’ Forum.
He expressed happiness that the committee took on this important national assignment with all seriousness.
He said, “Let me thank the chairman, Mr. Bismarck Rewane, and all the Committee members most sincerely for your patriotism, hard work, commitment and sacrifices. I understand that you have worked tirelessly to ensure that you deliver the report before we receive the Minimum Wage Bill from the National Assembly.
“Let me also thank the Minister of Budget and National Planning, for coordinating the work of the Committee.
“ I also commend the Budget Office of the Federation; the National Incomes, Salaries and Wages Commission; the Office of the Accountant General of the Federation; the Federal Inland Revenue Service; the National Bureau of Statistics and the Central Bank of Nigeria, all of which I understand provided strong support to the Committee in the course of this assignment.
“We will review this report expeditiously. In the process, we may need to engage with some members of your Committee, I therefore implore you to make your services available whenever we may call on you,” he said.