Finance Minister, Mrs. Zainab Ahmed, has said that members of the National Youth Service Corps would earn the new minimum wage of N30,000.
Briefing the media in Abuja on the activities of her Ministry, she disclosed that the financial implications of the new minimum wage had already been worked out by the Presidential Committee set up by President Muhammadu Buhari.
She also disclosed that the report had been submitted to the president.
“We have looked at the report and what we are working on now is how we can finance it.
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“Apart from the increase of the minimum wage from N18, 000 to N30, 000, there is also a consequential adjustment that we have to negotiate with the labour unions.
“The total implication of that would be worked out only after the negotiations and that would involve determining how much increase every other employee above the minimum wage would get.
“It could be a flat amount or a proportion, but the 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 N30, 000.”
