Home News How Akume requested N1 billion for Minimum Wage Committee inauguration

How Akume requested N1 billion for Minimum Wage Committee inauguration


A memo with reference number 58957/S.1/T6/419 written by the Secretary to the Government of the Federation (SGF) to President Bola Tinubu to release a princely N1,000,000,000 for tribunal inauguration has been sighted by ACE Magazine.
The letter dated January 18, 2024, and personally signed by Akume in red ink needed the money for the inauguration of the Tripartite Committee on National Minimum Wage.
It stated: “This memorandum seeks your approval in the following in respect of the above subject matter:
i. The release of the sum of One Billion Naira (N1, 000,000,000.00) only
II. The 26th January, 2024 for the inauguration of the Committee. All relevant documents are hereby attached. The New Minimum wage is expected to be ready by 1st April 2024 according to Law.

Respectfully submitted for Mr. President’s consideration and approval, Sir.”
In response, however, President Tinubu approved in the interim, N500 million.

In his handwriting, he indicated “Start with N500m 1st” with his signature dated January 22, 2024.

Following this approval of the above amount as a starting point or take-off budget, the federal government on January 30 inaugurated the Committee of 37 members that is saddled with the responsibility of recommending a minimum wage for Nigerian workers. The team inaugurated by Vice President Kashim Shettima has members drawn from the government, the labour and other relevant bodies.

Members of the committee from the federal government include Nkeiruka Onyejeocha, Minister of State, Labour and Employment (representing the minister of Labour and Employment); Wale Edun, Minister of Finance and Coordinating Minister of the Economy; and Atiku Bagudu, Minister of Budget and Economic Planning.

Others were Folashade Yemi-Esan, head of the civil service of the federation; Maurice Mbaeri, permanent secretary, general services office (GSO) OSGF; and Ekpo Nta, chairman of the National Salaries, Incomes and Wages Commission (NSIWC).


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