FG Directs How N35,000 Wage Award Will Be Funded

The Federal government has given explanations on how it intends to fund the N35, 000 per month wage award announced by President Bola Tinubu for the next six months, in an attempted to persuade organised labour against embarking on strike.

The National Salaries, Incomes and Wages Commission (NSIWC), said  implementation of the N35,000.00 per month wage award for Federal Government Ministries, Departments and Agencies will be funded from the treasury, if they are treasury funded staff.

Mr Ekpo Nta, the Chairman/Chief Executive Officer (CEO) of NSIWC, in a circular released by Commission in Abuja, said this only applied to offices that were treasury-funded.

According to Nta, non-treasury funded Federal Government agencies are to implement same from their Internally Generated Revenue (IGR) or statutory allocations.

“I refer to the Memorandum of Understanding reached between the Federal Government of Nigeria and the Nigeria Labour Congress (NLC) and Trade Union Congress of Nigeria (TUC) on Oct, 2.

“As a result of the dispute arising from withdrawal of subsidy on the price of premium motor spirit (PMS).

“I hereby convey the approval of President Bola Tinubu for the grant of a wage award of N35,000 only per month to all Federal Government workers with effect from September 1.

“Pending when a new national minimum wage is expected to have been signed into law,’’ Nta said.

According to him, enquiries concerning the circular should be directed to the commission.