The minister of finance, Zainab Ahmed, has disclosed that the National Youth Service Corps members would receive the new minimum wage as allowance.
She revealed this on Thursday while addressing the press on the activities of her ministry.
The Cable, an online newspaper cited the minister as saying that“Apart from the increase in the national minimum wage from N18,000 to N30,000, there is also a consequential adjustment that we have to negotiate with the labour unions.
OVER 5,000 NIGERIAN MEN HAVE OVERCOME POOR BEDROOM PERFORMANCE SYNDROME DUE TO THIS BRILLIANT DISCOVERY
“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.”
The minister of finance also announced that a sum of N649.43bn would be distributed to state governments as the final refund for the Paris Club debt.