By Kunle Adedoyin
The Presidential Technical Advisory Committee (PTAC) on national minimum wage led by Bismarck Rewane, a financial expert, has submitted its report to President Muhammadu Buhari.
This was revealed by the president via his Twitter handle on Monday.
“Today the PTAC, chaired by Bismarck Rewane, and comprising other experienced economists and administrators from the private sector, as well as Federal Govt officials, and a Representative of the Governors’ Forum, submitted its report.
“I am very pleased that the Committee took on this important national assignment with all seriousness. I thank the chairman, Mr. Bismarck Rewane, and all the Committee members most sincerely for their patriotism, hard work, commitment and sacrifices.”
In January, Buhari appointed the committee “to develop, and advise the government on how to successfully bring about a smooth implementation of impending wage increases”.
He said the committee will also “identify new revenue sources, as well as areas of existing expenditure from where some savings could be made in order to fund the wage increases without adversely impacting the nation’s development goals as set out in the Economic Recovery and Growth Plan”.
The report will form the “basis of a Finance Bill which will be submitted to the National Assembly, alongside the Minimum Wage Bill”.