Concise News understands that the Director-General of Nigeria Employers’ Consultative Association (NECA), Timothy Olawale, made this known at the OPS meeting on Thursday in Lagos.
Olawale said: ”The organized businesses wish to commend the President for attending to the National Minimum Wage Bill as sent by the National Assembly.
”It shows that he cares for the welfare of the masses and the working class in particular. We believe that the implementation date will be the date of assent.”
Olawale said that the National Minimum Wage was not a general salary increase but a wage below which no employer should pay.
He said employers who are already paying above N30,000 are not obligated to comply while other Social Partners should respect the understanding so as not to jeopardize the peace in the Private Sector.
The NECA boss said that organized businesses’ would be committed to the implementation of the new National Minimum Wage to ensure industrial harmony.