Tagged: minimum wage

FG Reaches Agreement With ASUU, Releases N15.4bn For Salary Shortfalls

The Federal Government has reached an agreement with members of the Academic Staff Union of Universities (ASUU) to resolve the on-going industrial action. Addressing journalists on Monday evening after the meeting with the striking lecturers in Abuja, the Minister of Labour and Employment, Chris Ngige, said the majority of their demands have been met including the release of N15.4 billion for payment of salary shortfalls. According to him, the Federal Government is also in the process of releasing another N20 billion for payment of earned allowances for university lecturers. Meanwhile, the ASUU President, Professor Biodun Ogunyemi, said the National Executive...

Minimum wage: FG budgets N160bn for civil servants’ salary increase

The Federal Government has budgeted a total of N160bn this year to take care of adjustments that may arise as a result of the planned increase in minimum wage. The amount is contained in the 2019 budget proposal which was submitted by President Muhammadu Buhari to the National Assembly. The 2019 budget has an estimate of N8.83tn made up of N4.04tn for recurrent expenditure, N2.03tn for capital expenditure and N2.14tn for debt servicing, among others. An analysis of the budget showed that the sum of N160bn had been provisioned to take care of public wage adjustment and salary increases in...