Minimum Wage: Nigerian Governors Need Review of Revenue Sharing Formula

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The Chairman of the Governors’ Forum, Kayode Fayemi, says a review of the revenue sharing formula is still the position of the governors to enable them implement the new National Minimum Wage without hitches.

Fayemi made this position known when he fielded questions from State House correspondents after a closed-door meeting with President Muhammadu Buhari at the Presidential Villa, Abuja.

He stated that the agitation for the review of the revenue sharing formula by the Governors’ forum dated right from the administration of the former President Olusegun Obasanjo.

The governor revealed that already the forum had presented its position on the proposed review of the revenue sharing formula to Revenue Mobilization, Allocation and Fiscal Commission for possible consideration.

Fayemi, however, maintained that governors were committed to the minimum wage act, promising that no state would pay anything less than the approved 30,000 naira.

The governor, however, stated that the consequential adjustment may not necessarily end up being the same among the States.

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