President Muhammadu Buhari has received the report of the Technical Advisory Committee on Implementation of the National Minimum Wage.
The President received the report on Monday when he met with members of the committee at the Council Chamber of the Presidential Villa in Abuja, the nation’s capital.
The chairman of the committee and Managing Director/Chief Executive Officer of Financial Derivatives Company Limited, Bismark Rewane, presented the report to the President.
President Buhari gave assurance of reviewing the report expeditiously, adding that it may require inputs of some members of the committee.
He thanked the chairman and members, as well as representatives of ministries and government agencies for their hard work and patriotism.
The President said: “On Jan 9, 2019, I inaugurated the Presidential Technical Advisory Committee on the Implementation of the National Minimum Wage (PTAC),” Buhari said via Twitter.
“The PTAC was mandated to advise on how best to fund the additional costs of implementing the imminent increase in the National Minimum Wage.
“Today the PTAC, chaired by Bismarck Rewane, and comprising other experienced economists and administrators from the private sector, as well as Federal Govt officials, and a Representative of the Governors’ Forum, submitted its report.
“I am very pleased that the Committee took on this important national assignment with all seriousness. I thank the chairman, Mr Bismarck Rewane, and all the Committee members most sincerely for their patriotism, hard work, commitment and sacrifices.”
Concise News reports that the President inaugurated the committee in January 2019.
The Vice President, Professor Yemi Osinbajo, and the Secretary to the government of the Federal, Boss Mustapha, were among those present at the meeting.
Also in attendance were the Minister of Finance, Zainab Ahmed, and that of Budget and National Planning, Senator Udo Udoma, as well as the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, amongst others.
The meeting came one week after the Senate approved N30,000 minimum wage for Federal and State workers across the country.
The lawmakers gave the approval after the National Minimum Wage Bill was read and passed for the third time in the Senate.