The Federal Executive Council presided over by Vice President Yemi Osinbajo, has approved the payment of arrears of the new minimum wage as agreed upon by the Organised Labour and the Federal Government.
The Minister of Labour and Employment, Dr Chris Ngige, made this known when he briefed State House correspondents on the outcome of the Council meeting held at the Presidential Villa, Abuja, on Wednesday.
Ngige said that the Council also approved the payment of all outstanding financial implications of the consequential adjustments as worked out by the National Salaries, Income and Wages Commission, beginning from April 18.
“Council today approved for us that the financial implications be worked out by the National Salaries, Income and Wages Commission, as consequential adjustments should take effect from April 18, the date the new national minimum wage came into being.
“The Council also approved for us that the financial implications be worked out and the attendant payments completed on or before December 31.
“Council further directed that the Minister of Finance, Budget and National Planning, through the Office of the Accountant-General of the Federation, should effect all these payments as scheduled before December 31.
“Council further directed also that the National Salaries, Income and Wages Commission and the Ministry of Labour and Employment should send the consequential adjustment (wage) table to down to the States and Local Governments.
“This is to serve as an advisory document for their information and guidance, as they negotiate with their joint national public service councils in their respective states because the national minimum wage is a national law,’’ he said