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House to make foreign firms pay N18 000 minimum wage

14 January 2016, 18:59

Abuja - The House of Representatives began an amendment of the National Minimum Wage Act, 2004 on Wednesday to make it compulsory for companies with foreign interests to pay the minimum wage of N18 000 to their workers, Punch reports.

Under its current provisions, the Act exempts such foreign companies from paying the wage as they are included on the list of establishments exempted from the wage policy.

A former trade unionist, Peter Akpatason, sponsored a bill to amend the Act to reverse the trend.

Also read: Governors say they can't pay N18 000 minimum wage

Akpatason informed the House that while some of those companies might have a fewer number of employees in some cases, they raked in more revenues than companies with a higher number of workers.

He argued that such companies, which did not have up to 50 workers as pegged in the Act, made “millions and billions” of revenue yearly, but did not pay their employees the minimum wage.

Read more at Punch

- News 24

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