JOIN NOW, EARN 50% OF OUR TOTAL REVENUE MONTHLY

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.
A presidency source privy to the closed-door
deliberations at yesterday’s NEC meeting said the
Federal Government has decided to take the
governors’ request to the Council of State for a
definite resolution on the wage crisis.He said: “We
are making progress. We will be meeting with the
Council of State on Tuesday, January 22. The
governors are asking for a review of the revenue
sharing formula, and government is looking at
that. The Minimum Wage Technical Advisory
Committee that was inaugurated recently is
looking into the revenue sharing formula.”
Asked to be specific on whether the Federal
Government has agreed to allocate more
resources to state governments, the source said:
“Everything is in progress.”
Speaking to State House correspondents after the
meeting, Minister of Labour and Employment
Chris Ngige said NEC discussed the matter and
agreed to meet members of the Council of State
for a unified position.
President Buhari recently inaugurated an advisory
technical committee for the implementation of the
proposed wage. The committee, which was given
one month to submit its report, will advise the
Federal Government on new sources of funds and
ways to implement the initiative in a sustainable
manner.
Source: m.guardian.ng/news/fg-to-review-revenue-sharing-formula-over-minimum-wage/

It is a good one