Minimum wage to cost Osun additional N750m monthly, says Oyetola

Bola Bamigbola

Osun State Governor, Adegboyega Oyetola, has approved the immediate implementation of the N30,000 minimum wage for workers in the employ of the state government.

The governor also stated that implementation of the new wage for workers would cost the state an additional N750m monthly.

Oyetola, who also lifted the ban on annual salary increment, as well as embargo placed on promotions and conversions since 2012, subsequently directed that implementation of the new wage should commence on November 1 (today).

The Chief Press Secretary to the Governor, Ismail Omipidan, in a statement on Saturday, said Oyetola unveiled the welfare package for the workers at a meeting with the labour leaders in his office on Friday.

Speaking further at the meeting, Oyetola stated that his administration had earlier set up a government/labour committee to work out the modalities for resolving all workers’ welfare-related issues, including the minimum wage.

He said, “We came into office in the heat of strident economic challenges necessitated by oil price shocks, debilitating monthly allocations and lean internally generated revenue. We also inherited arrears of pension, embargo on promotion and conversion, ban on annual salary increment since 2012, among others.

“While we were still battling with these ominous challenges, the Federal Government approved minimum wage in response to labour agitation. But despite these stifling challenges, we remained resolute to fulfil our promises to workers as a welfare-oriented government.

“During the presentation of the 2019 budget, our maiden budget, I promised that late-payment of workers’ salaries would be a thing of the past. With the implementation of the new minimum wage, I wish to state that the action we have taken today would bring an additional N750m cost to our monthly wage bill.’’

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“Part of our strategies for getting by in this harsh economic environment was the introduction of fiscal discipline through cutting of waste, plugging excesses and adopting creativity in governance. We are also working hard to increase the revenue of our state.”

The governor urged the workers to increase their productivity and support the government in its efforts to improve internally generated revenue.

Earlier, state Chairman, Nigeria Labour Congress, Jacob Adekomi, said the approval and implementation of the welfare package would go a long way in rekindling the workers’ hope and reinvigorate their morale.

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