FG may adopt selective minimum wage increase –Osinbajo
Olalekan Adetayo and Ifeanyi Onuba
Vice President Yemi Osinbajo says the Federal Government may consider increasing workers’ remuneration package, especially bonuses of certain government agencies, instead of increasing wages across board.
According to a transcript made available to journalists in Abuja on Tuesday by his Senior Special Assistant on Media and Publicity, Mr. Laolu Akande, the Vice-President spoke during a session titled, ‘Conversation with the Vice-President’ at the 2017 Nigerian Bar Association National Conference held in Lagos on Monday.
Osinbajo said though the issue of better pay for workers was a good suggestion, the government was “in a bind of sorts.”
He said at the moment, the government was spending 70 per cent of its revenues on remuneration and overheads, leaving less than 30 per cent for capital expenditure.
He said while it was correct that the…