Minister of Finance has said the NYSC members allowance will be increased. She disclosed this in Abuja during a press conference where she added that the total sum of N649.434 billion was verified by the ministry as the outstanding balance to be refunded to the state governments.
Ahmed said. “There would be an increase for the National Youth Service Corps (NYSC) as well,”
Minister of Finance said the government was still working out modalities before the execution of the new allowance for the corps members. “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, at the end of the day, it is what we agree with labour that will be the amount that is due,” she explained.
President Muhammadu Buhari in April signed into law, the #30,000 Minimum Wage Repeal and Re-Enactment Act, 2019. The change means the minimum monthly wage will rise to 30,000 naira from 18,000 naira as expected.
However, the finance minister said “there is also the 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 staff that is above the minimum wage would get. It could be a flat amount or a proportion.
Corps members are currently earning a monthly allowance of N19,800. N18,000 minimum wage plus 1,800 as transport allowance.