Presidency has confirmed that the New Minimum Wage Bill was transmitted to President Muhammadu Buhari last week.
The Senior Special Assistant to the President on National Assembly Matters, Senator Ita Enang, stated this in an interview with the press in Abuja.
Senator Enang, who announced that the bill is currently undergoing standard procedures, said that the New National Minimum Wage Bill as passed by the National Assembly has been transmitted to the Presidency last week.
The conference committee of both chambers of the National Assembly has passed the approved thirty thousand naira as monthly minimum wage against the twenty-seven thousand naira proposed by the executive.
While the Senate passed the legislation penultimate recently, the House of Representatives passed it shortly before the federal parliament went on recess for the general elections in February.
The federal legislature appealed to the Federal Government not to allow the workers go on strike before its implementation.
The acting Chairman of the Senate ad-hoc Committee on National Minimum Wage Bill, Senator Francis Alimikhena, while delivering the report also said a fine of seventy-five thousand naira has been imposed on firms that refused to comply with the wage payment.
The panel which also recommended the urgent review of the revenue sharing formula, that will enhance states to pay the new minimum wage, urged the Minister of Finance and her counterparts in the Budget and National Planning to as a matter of urgency, compute and forward to the National Assembly, for inclusion in the 2019 budget, the actual amount required for the new minimum wage.
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