The Nigerian government on Thursday gave an update on the implementation of the new National Minimum Wage.
The Minister of Finance, Mrs Zainab Ahmed, on Thursday, in Abuja, said that members of the National Youth Service Corps would earn the new minimum wage of N30,000.
She said this during a media briefing on the activities of her ministry.
Ahmed said that the financial implications of the new minimum wage had been worked out by the Presidential Committee set up by Buhari adding that the report had been submitted to the president.
She added, “We have looked at the report and what we are working on now is how we can finance it.
“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.”