The Minister of Finance, Zainab Ahmed, has said that the federal government was working out modalities to incorporate National Youth Service Corps, NYSC, members into the payment of the new minimum wage as their monthly allowances.
Speaking with newsmen on Thursday in Abuja, the minister said that by the NYSC Act, the corp members are entitled to earn the country’s minimum wage.
“Apart from the increase of the minimum wage from N18,000 to N30,000, there is also a consequential adjustment that we have to negotiate with the labour unions,” she said.
“The total implication of that would be worked out only after the negotiations and that would involve determining how much increase every other employee above the minimum wage would get.
“It could be a flat amount or a proportion, but the other aspect that is clear is that there would be an increase for the National Youth Service Corps as well because, by the Act, they should earn at least the minimum wage and the NYSC also has to increase to that N30, 000.
“So, because we have not done the negotiation with labour, I cannot give you the details of what we are projecting because it is simply on projections.”
Mrs Ahmed also announced that a sum of N649.43bn would be distributed to state governments as the final refund for the Paris Club debt.