The Federal Government yesterday resolved to engage governors of the 36 states of the federation and the Council of State in a review of the nation’s federal allocation sharing formula.The review is part of demands by the Nigeria Governors Forum (NGF) prior to its accepting the implementation of the proposed N30,000 National Minimum Wage for Nigerian workers.
Following the National Economic Council (NEC) meeting chaired by Vice President Yemi Osinbajo, it was gathered that if agreed upon, the proposed wage would be taken care of as prescribed by the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC).
The NGF had recently sought a new fiscal restructuring plan on the grounds that economic challenges in the states would make payment of the new wage difficult.Although the Minimum Wage Tripartite Committee led by the former Head of Service of the Federation, Ama Pepple, had recommended N30,000, the Federal Government agreed to pay N24,000, while the state governments insisted on N22,500. Read more