Nigeria: Govt to Review Revenue Sharing Formula Over Minimum Wage

18 January 2019

Abuja — The Federal Government yesterday resolved to engage governors of the 36 states of the federation and the Council of State in a review of the nation's federal allocation sharing formula.The review is part of demands by the Nigeria Governors Forum (NGF) prior to its accepting the implementation of the proposed N30,000 National Minimum Wage for Nigerian workers.

Following the National Economic Council (NEC) meeting chaired by Vice President Yemi Osinbajo, it was gathered that if agreed upon, the proposed wage would be taken care of as prescribed by the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC).

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