The Minister of Finance, Zainab Ahmed, has said that the National Youth Service Corps, NYSC, members will hence forth receive the new minimum wage as their monthly allowance.
Ahmed, who said that they are currently working on how to finance it, noted that apart from the increase of the minimum wage from eighteen thousand naira to thirty thousand naira, there is also a consequential adjustment that they have to negotiate with the labour unions.
She noted that the total implication of that would be worked out only after the negotiations as according to her, it would involve determining how much increase every other employee above the minimum wage would get.
Noting that it could be a flat amount or a proportion, Ahmed noted that 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 thirty thousand naira.
Ahmed also announced that a sum of six hundred and forty-nine point-four-three billion naira would be distributed to state governments as the final refund for the Paris Club debt.
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