NECA Accepted N27,000 New Minimum Wage

NECA Accepted N27,000 New Minimum Wage

The Nigeria Employers’ Consultative Association (NECA) which is the umbrella association of company in the organised private part has welcomed the N27,000 the new lowest pay permitted by law.

This amount was affirmed by the gathering of state which additionally endorsed N30,000 for government employee.

Daily Trust give account that Timothy Olawale who is the executive general of NECA said the new lowest pay permitted by law would help lift the weight of the micro scale, little & medium scale companies in the nation.

He stated: “The figure recommended which is N3,000 less than the recommended figure by the Tripartite Committee comes with its own positives. The reduction will go a long way to lighten the burden of the micro, small and medium scale employers, which had been our concern hitherto. Granted too, that the exclusion threshold of 25 employees is expected to also take care of them.”

He, communicated stress over the endorsement of N27,000 the lowest pay permitted by law for state employee & N30,000 for federal government employee, saying that such discrepancy is unusual to Nigeria.

“It is alien and an aberration to have two national minimum wages. It is usually one national minimum wage and we hope this would be corrected by the National Assembly,” he stated.