Minimum Wage Subject To Review Every Five Years

The House of Representatives, on Tuesday, moved the process of making the review of the National Minimum Wage a periodic exercise of every five years.

The bill to amend the National Minimum Wage Act has since passed through second reading, Vanguard reports.

House Majority Leader, Femi Gbajabiamila (APC, Lagos) led the debate on the general principles of the bill during plenary, and said the bill sought to provide for periodic review of the national minimum wage every five years.

 Gbajabiamila described salary as a major component of workers’ welfare, adding that there was the need for a law to compel the Federal Government to effect a review.
 He said, “The minimum wage shall be subject to periodic review every five years and the first review shall be effective from January 1, 2017 irrespective of the day the bill comes into force.”

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