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FG to Spend N3tn On New Minimum Wage, Others
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FG To Spend N3tn On New Minimum Wage, Others
By Hussaini Ibrahim
The Federal Government is set to spend N3tn on the new minimum wage and the payment of pensions and gratuities, Saturday PUNCH has learnt.
The Minister of Budget and Economic Planning, Atiku Bagudu, disclosed this on Friday during a meeting with the Senate Committee on Appropriations, chaired by Olamilekan Adeola.
The minister presented the general principles of the newly amended 2024 budget to the committee at the meeting.
Recall that President Bola Tinubu had, after a meeting with the leadership of the Nigeria Labour Congress and the Trade Union Congress on Thursday, approved a new minimum wage of N70,000 for Nigerian workers. The president also pledged to review the national minimum wage law every three years.
