The Presidency said on Wednesday that President Muhammadu Buhari had yet to sign the National Minimum Wage Bill just passed by the National Assembly into law, contrary to reports last week that he had done so.
The Senate had on March 19 passed the bill, approving N30,000 as the new national minimum wage.
By its action, the Senate concurred the earlier decision of the House of Representatives, which passed the bill before the National Assembly shut down its operations to enable lawmakers to participate in the 2019 general elections, beginning from February 16.
“Right now, the bill is undergoing standard presidential, operational procedures in respect of bills.
“We are within time. At the appropriate time, Mr President will take a decision and make it public.
“Therefore, the report that Mr President has already signed the bill is not correct.”
The passage of the bill by the Senate coincided with the submission of the report on the new national minimum wage; by the Presidential Technical Advisory Committee Buhari set up to advise the Federal Government on how to pay a wage increase above the current N18,000.
The committee had the primary task of advising the government “on how best to fund, in a sustained manner; the additional costs of implementing the imminent increase (N30,000) in the national minimum wage.”
Can States Afford The New Wage
The President had assured the nation upon receiving the report; that he would “review” it expeditiously and take a final stance.
Recall that the Senate, while passing the bill, had asked that the current revenue sharing formula should be reviewed to make more funds available to the other tiers of government.
It said this was to enable the other tiers to cope with paying the N30,000.
Many states are owing backlog of salaries at the present N18,000 minimum wage.
Some of the states received bailouts from the Federal Government multiple times; but still could not clear the salary arrears owed workers.
Most state governors had consistently opposed the N30,000 on the excuse that they could not afford it.