The Federal Authorities has paid the second tranche of the excellent N35,000 wage award arrears to its employees.
The Workplace of the Accountant Basic of the Federation (OAGF) made this recognized in a press release issued in Abuja.
In keeping with the OAGF, the Federal Authorities had earlier paid one month out of the preliminary 5 months excellent arrears, explaining that with the fee of the second tranche, it stays three tranches to clear the arrears.
Director of Data on the OAGF, Bawa Mokwa assured that the federal authorities has not reneged on fee of the wage award arrears, stressing that the federal government will proceed to pay the wage award in instalments of N35,000 monthly till the excellent arrears is completely paid.
The wage award was a part of the aid measures launched by the federal authorities in October 2023 to cushion the results of the gasoline subsidy removing and different financial reforms below the President Bola Tinubu administration.
The N35,000 month-to-month allowance was permitted for federal employees following negotiations with organised labour after agitations that accompanied rising price of residing.
Initially anticipated to final for six months, the disbursement of the award confronted delays as a result of funding constraints and verification bottlenecks throughout the public payroll system.
The primary tranche was ultimately paid earlier this 12 months after sustained stress from labour unions and civil society organisations.
Whereas the award is seen as a short lived palliative, labour leaders have repeatedly referred to as on the federal authorities to expedite fee of the arrears and conclude negotiations on a brand new nationwide minimal wage to handle structural wage inadequacies.
The Nigeria Labour Congress (NLC) and the Commerce Union Congress (TUC) have each emphasised that piecemeal funds of momentary wage aid don’t deal with the long-term challenges dealing with Nigerian employees amid double-digit inflation and declining buying energy.
Regardless of the considerations, authorities officers have persistently reaffirmed their dedication to honouring the wage award in full.
The Accountant Basic’s workplace famous that the phased fee aligns with present fiscal realities and budgetary provisions, whereas assuring employees of transparency within the course of.
We’ve acquired the sting. Get real-time studies, breaking scoops, and unique angles delivered straight to your telephone. Don’t accept stale information. Be a part of LEADERSHIP NEWS on WhatsApp for twenty-four/7 updates →
