The Federal Government has approved the setting up of a minimum wage review committee.
The Minister of Labour and Employment, Dr. Chris Ngige, made this known on Thursday, while speaking with State House correspondents, after he had met with President Muhammadu Buhari.
Ngige said President Buhari, has approved the names on the nomination list, which comprise stakeholders from the various sectors of the economy.
He said the committee, is saddled with the responsibility of coming up with a new minimum wage that will reflect current realities and be acceptable and binding on all.
Although he did not disclose the membership of the yet-to-be inaugurated committee, he said it was a tripartite panel, including representatives of the Federal and state governments, as well as the private sector.
The minister said, “The old (minimum wage) law expired last year August and we are now in the process of empaneling a new national minimum wage committee.
“I have cleared the appointments with the President today (Thursday) and as soon as the labour people come back from the Labour Governing Board meeting in Geneva, we will take a consensus date with the governors because it is a tripartite committee involving federal, states and the private sector: NECA, MAN, NACCIMA, SMEs.
“The NLC, TUC and their affiliates have done their nominations. What we are now trying to finetune is the date for inauguration.”