The Federal Government will expedite action to ensure that a new minimum wage is ready by the second quarter of the year, Vice President Yemi Osinbajo has promised. At the 2018 May Day celebration in Abuja, yesterday, he also assured stakeholders that delays in the payment of salaries and pensions would end, as the welfare of workers would be prioritised.
“The argument for a national minimum wage cannot be faulted, because minimum wage is the minimum amount of compensation an employee must receive for putting in his or her labour. And as such, should be anchored on the principles of social justice, equity, and fairness. We believe that those who can pay above the social protection floor are free to do so, as many have been doing in many states and sectors of the economy,” he said. Read more