Minimum Wage Increase: Governors to review states’ fiscal capacity

By Innocent Raphael

Governors under the umbrella of the Nigeria Governors’ Forum (NGF) have announced plans to reassess their fiscal capacities in order to implement an enhanced minimum wage for workers.

The decision was made during a meeting chaired by AbdulRahman AbdulRazaq, the Governor of Kwara State.

The governors, while praising Nigerian workers for their resilience amidst challenges, emphasized their commitment to improving wages.

In a statement released after their gathering, the governors disclosed that a 37-member tripartite committee, tasked with reviewing the national minimum wage, is actively engaged in consultations and is yet to finalize its recommendations.

The governors affirmed their dedication to the process, highlighting their ongoing evaluations of individual fiscal capabilities to ensure sustainable implementation of the proposed wage adjustments.

Furthermore, the governors convened with outgoing and incoming directors of the World Bank, Shubham Chaudhuri and Ndiame Diop respectively, to discuss the bank’s developmental objectives.

In his remarks, Chaudhuri commended the NGF for its non-partisan approach and effective coordination in fostering developmental initiatives.

A communique quoted Chaudhuri as appreciating the forum for the role it is playing in coordinating collective action for developmental change.

“He applauded the non-partisan character of the Forum, the professionalism of its Secretariat, and State governments’ commitment to mutual accountability mechanisms such as performance-based financing interventions by the Bank,” it read.

The governors further expressed confidence in Diop’s leadership, anticipating continued collaboration with the World Bank to advance developmental agendas.

The NGF reiterated its commitment to fostering mutually beneficial relationships with international partners, emphasizing the importance of collective efforts in driving socio-economic progress in Nigeria.

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