President Muhamamdu Buhari on Wednesday inaugurated a Technical Advisory Committee on the implementation of the new National Minimum Wage and reiterated his commitment to its payment.
Inaugurating the committee shortly before the Federal Executive Council (FEC) meeting, Buhari restated his committment to an upward review of the minimum wage “as it is time to do so’’.
The president had on Dec. 19, 2018 while presenting the 2019 Appropriation Bill at the joint session of the National Assembly announced his intention to constitute the committee.
He said the committee would recommend “modalities for the implementation of the new minimum wage in such a manner as to minimise its inflationary impact, as well as ensure that its introduction does not lead to job losses’’.
“The work of this Technical Committee will be the basis of a Finance Bill which will be submitted to the National Assembly, alongside the Minimum Wage Bill,’’ he added.
He, however, revealed that the Federal Government had engaged State Governments with a view to taking them along in determining any upward review of the minimum wage for workers.
“I want to make it clear that there is no question about whether the National Minimum Wage will be reviewed upwards. I am committed to a review of the Minimum Wage.
“Also, it is important to explain that even though the subject of a National Minimum Wage is in the Exclusive Legislative List, we have been meeting with the State Governors because it is imperative that the Federal Government carries the State Governments along in determining any upward review of the minimum wage for workers.
“This is especially necessary considering the prevailing public sector revenue challenges, which have made it extremely difficult for some of the governors to pay workers as and when due,’’ he said.
He said the federal government on its part had made adequate provision for the increase in the Minimum Wage in its 2019 Budget proposals which was submitted to the National Assembly on Dec. 19, 2018.
According to the president, the federal government will be able to meet the additional costs incurred in moving up all personnel who are currently earning below the new minimum wage.
“However, we anticipate that after the new minimum wage has been passed into law we will be going into negotiations for salary review for all the workers who are already earning above the new minimum wage. It is therefore important that we are properly prepared to meet these demands.
“We must therefore look at ways of implementing these consequential wage adjustments in a manner that does not have adverse effects on our national development plans, as laid out in the Economic Recovery and Growth Plan (ERGP).
”The ERGP sets appropriate targets for levels of capital expenditure, public debt, inflation, employment, etc.”
Buhari, therefore, expressed the hope that “the implementation of a new minimum wage does not adversely affect these targets, and thereby erode the envisaged gains for the workers.
According to the president, the committee, which will be chaired by an economist and financial expert, Mr Bismarck Rewane, is expected to complete its deliberations and submit its report and recommendations within one month from today.
He disclosed that terms of reference of the committee include;
- To develop, and advise government on how to successfully bring about a smooth implementation of impending wage increases;
- Identify new revenue sources, as well as areas of existing expenditure from where some savings could be made in order to fund the wage increases without adversely impacting the nation’s development goals as set out in the Economic Recovery and Growth Plan
- Propose a work plan and modalities for the implementation of the salary increases;
- Any other suggestions that will assist in the implementation of this, and future wage increases.
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An impressive share, I just given this onto a colleague who was doing a little analysis on this. And he in fact bought me breakfast because I found it for him.. smile. So let me reword that: Thnx for the treat! But yeah Thnkx for spending the time to discuss this, I feel strongly about it and love reading more on this topic. If possible, as you become expertise, would you mind updating your blog with more details? It is highly helpful for me. Big thumb up for this blog post!
Thanks for your post. One other thing is when you are disposing your property on your own, one of the concerns you need to be mindful of upfront is how to deal with house inspection records. As a FSBO home owner, the key about successfully shifting your property along with saving money upon real estate agent revenue is awareness. The more you understand, the softer your property sales effort will probably be. One area where this is particularly significant is reports.
I have learned newer and more effective things from a blog post. Also a thing to I have recognized is that in most cases, FSBO sellers will reject you. Remember, they would prefer to never use your solutions. But if you maintain a stable, professional relationship, offering assistance and remaining in contact for four to five weeks, you will usually be able to win a meeting. From there, a house listing follows. Many thanks
Thanks for the a new challenge you have uncovered in your post. One thing I would like to touch upon is that FSBO human relationships are built eventually. By launching yourself to the owners the first end of the week their FSBO is actually announced, ahead of the masses commence calling on Monday, you make a good relationship. By mailing them resources, educational elements, free reports, and forms, you become an ally. By taking a personal fascination with them and their circumstance, you produce a solid link that, on most occasions, pays off if the owners decide to go with a representative they know and also trust – preferably you.
I have observed that over the course of creating a relationship with real estate proprietors, you’ll be able to come to understand that, in every single real estate financial transaction, a commission rate is paid. Ultimately, FSBO sellers don’t “save” the commission. Rather, they struggle to win the commission simply by doing an agent’s occupation. In this, they expend their money in addition to time to conduct, as best they will, the duties of an broker. Those duties include disclosing the home through marketing, introducing the home to prospective buyers, constructing a sense of buyer emergency in order to make prompt an offer, preparing home inspections, managing qualification investigations with the mortgage lender, supervising repairs, and assisting the closing of the deal.
I have noticed that over the course of building a relationship with real estate owners, you’ll be able to come to understand that, in each and every real estate contract, a commission amount is paid. In the end, FSBO sellers really don’t “save” the percentage. Rather, they struggle to earn the commission by means of doing a agent’s work. In doing this, they invest their money and also time to conduct, as best they might, the duties of an representative. Those tasks include disclosing the home via marketing, introducing the home to prospective buyers, developing a sense of buyer urgency in order to trigger an offer, organizing home inspections, managing qualification checks with the financial institution, supervising maintenance tasks, and assisting the closing.
Thanks for the new stuff you have unveiled in your article. One thing I’d like to comment on is that FSBO relationships are built over time. By launching yourself to the owners the first saturday their FSBO can be announced, ahead of the masses start calling on Friday, you create a good link. By sending them tools, educational resources, free accounts, and forms, you become an ally. By subtracting a personal fascination with them as well as their scenario, you produce a solid network that, on most occasions, pays off if the owners decide to go with a representative they know and also trust — preferably you.
I have observed that over the course of creating a relationship with real estate owners, you’ll be able to get them to understand that, in each and every real estate purchase, a commission rate is paid. Finally, FSBO sellers never “save” the fee. Rather, they try to win the commission through doing a great agent’s job. In accomplishing this, they spend their money along with time to perform, as best they can, the jobs of an broker. Those tasks include displaying the home by means of marketing, introducing the home to willing buyers, building a sense of buyer desperation in order to prompt an offer, arranging home inspections, dealing with qualification investigations with the loan company, supervising maintenance, and aiding the closing.
Thanks for the a new challenge you have exposed in your post. One thing I would really like to comment on is that FSBO relationships are built after some time. By bringing out yourself to owners the first saturday and sunday their FSBO is usually announced, prior to masses begin calling on Mon, you make a good network. By sending them methods, educational resources, free reviews, and forms, you become the ally. By subtracting a personal affinity for them in addition to their circumstance, you produce a solid network that, on most occasions, pays off once the owners decide to go with a representative they know and also trust – preferably you actually.
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I have witnessed that sensible real estate agents all around you are starting to warm up to FSBO Marketing and advertising. They are knowing that it’s more than merely placing a sign post in the front yard. It’s really about building associations with these sellers who someday will become customers. So, whenever you give your time and energy to aiding these vendors go it alone : the “Law regarding Reciprocity” kicks in. Great blog post.
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An impressive share, I just given this onto a colleague who was doing a little analysis on this. And he in fact bought me breakfast because I found it for him.. smile. So let me reword that: Thnx for the treat! But yeah Thnkx for spending the time to discuss this, I feel strongly about it and love reading more on this topic. If possible, as you become expertise, would you mind updating your blog with more details? It is highly helpful for me. Big thumb up for this blog post!
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An impressive share, I just given this onto a colleague who was doing a little analysis on this. And he in fact bought me breakfast because I found it for him.. smile. So let me reword that: Thnx for the treat! But yeah Thnkx for spending the time to discuss this, I feel strongly about it and love reading more on this topic. If possible, as you become expertise, would you mind updating your blog with more details? It is highly helpful for me. Big thumb up for this blog post!
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There are certainly a lot of details like that to take into consideration. That is a great point to bring up. I offer the thoughts above as general inspiration but clearly there are questions like the one you bring up where the most important thing will be working in honest good faith. I don?t know if best practices have emerged around things like that, but I am sure that your job is clearly identified as a fair game. Both boys and girls feel the impact of just a moment?s pleasure, for the rest of their lives.
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An impressive share, I just given this onto a colleague who was doing a little analysis on this. And he in fact bought me breakfast because I found it for him.. smile. So let me reword that: Thnx for the treat! But yeah Thnkx for spending the time to discuss this, I feel strongly about it and love reading more on this topic. If possible, as you become expertise, would you mind updating your blog with more details? It is highly helpful for me. Big thumb up for this blog post!
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I have realized that over the course of making a relationship with real estate homeowners, you’ll be able to come to understand that, in each and every real estate purchase, a payment is paid. In the end, FSBO sellers never “save” the payment. Rather, they try to earn the commission through doing the agent’s job. In accomplishing this, they invest their money plus time to execute, as best they will, the assignments of an representative. Those tasks include revealing the home by way of marketing, representing the home to all buyers, constructing a sense of buyer emergency in order to prompt an offer, organizing home inspections, controlling qualification checks with the loan provider, supervising repairs, and aiding the closing of the deal.
I have learned newer and more effective things out of your blog post. One more thing to I have discovered is that typically, FSBO sellers will certainly reject you. Remember, they will prefer to not ever use your providers. But if you maintain a stable, professional partnership, offering help and keeping contact for four to five weeks, you will usually manage to win a business interview. From there, a listing follows. Cheers
Thanks for the a new challenge you have uncovered in your post. One thing I’d like to reply to is that FSBO relationships are built after some time. By bringing out yourself to owners the first saturday their FSBO is actually announced, ahead of the masses start out calling on Monday, you make a good connection. By sending them instruments, educational supplies, free reports, and forms, you become a strong ally. Through a personal fascination with them and their circumstance, you make a solid connection that, oftentimes, pays off as soon as the owners decide to go with a realtor they know as well as trust – preferably you.
I have seen that wise real estate agents almost everywhere are starting to warm up to FSBO Promoting. They are seeing that it’s more than merely placing a sign post in the front place. It’s really regarding building interactions with these retailers who later will become customers. So, after you give your time and effort to serving these sellers go it alone – the “Law associated with Reciprocity” kicks in. Thanks for your blog post.
Thanks for your article. One other thing is when you are promoting your property all on your own, one of the concerns you need to be conscious of upfront is just how to deal with property inspection reports. As a FSBO retailer, the key about successfully transferring your property and also saving money in real estate agent commissions is expertise. The more you recognize, the simpler your home sales effort are going to be. One area where by this is particularly significant is information about home inspections.
I have learned new things from your blog post. Also a thing to I have found is that usually, FSBO sellers will probably reject anyone. Remember, they would prefer not to use your solutions. But if anyone maintain a comfortable, professional relationship, offering help and staying in contact for four to five weeks, you will usually be capable to win interviews. From there, a house listing follows. Many thanks
Thanks for your content. One other thing is that if you are disposing your property by yourself, one of the issues you need to be conscious of upfront is just how to deal with property inspection reviews. As a FSBO seller, the key about successfully moving your property as well as saving money about real estate agent revenue is information. The more you are aware of, the smoother your home sales effort are going to be. One area where by this is particularly essential is reports.
I’ve learned newer and more effective things from a blog post. One other thing I have seen is that typically, FSBO sellers will probably reject anyone. Remember, they would prefer to never use your products and services. But if a person maintain a reliable, professional romance, offering support and keeping contact for about four to five weeks, you will usually be capable of win a meeting. From there, a listing follows. Thank you
I’ve learned newer and more effective things from a blog post. One other thing I have observed is that generally, FSBO sellers will certainly reject you actually. Remember, they might prefer not to use your solutions. But if a person maintain a steady, professional relationship, offering support and staying in contact for around four to five weeks, you will usually manage to win a conversation. From there, a listing follows. Thanks
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I have observed that intelligent real estate agents just about everywhere are getting set to FSBO Marketing and advertising. They are noticing that it’s more than merely placing a sign post in the front area. It’s really with regards to building associations with these vendors who someday will become buyers. So, whenever you give your time and efforts to supporting these vendors go it alone — the “Law connected with Reciprocity” kicks in. Great blog post.
Thanks for the new stuff you have disclosed in your short article. One thing I’d like to discuss is that FSBO human relationships are built after some time. By introducing yourself to owners the first saturday their FSBO is usually announced, before the masses get started calling on Mon, you build a good connection. By giving them instruments, educational resources, free reviews, and forms, you become the ally. If you take a personal fascination with them as well as their circumstances, you generate a solid link that, in many cases, pays off once the owners opt with a representative they know as well as trust — preferably you actually.
I have noticed that over the course of constructing a relationship with real estate managers, you’ll be able to get them to understand that, in every single real estate financial transaction, a commission rate is paid. In the long run, FSBO sellers don’t “save” the commission payment. Rather, they fight to earn the commission by simply doing a strong agent’s occupation. In the process, they commit their money along with time to conduct, as best they might, the duties of an broker. Those jobs include exposing the home by means of marketing, introducing the home to all buyers, making a sense of buyer urgency in order to make prompt an offer, preparing home inspections, managing qualification investigations with the mortgage lender, supervising maintenance tasks, and facilitating the closing of the deal.
I have observed that over the course of making a relationship with real estate homeowners, you’ll be able to get them to understand that, in every real estate contract, a percentage is paid. In the end, FSBO sellers tend not to “save” the commission payment. Rather, they try to earn the commission by way of doing a strong agent’s work. In doing this, they invest their money and also time to complete, as best they will, the obligations of an realtor. Those tasks include disclosing the home by marketing, delivering the home to buyers, constructing a sense of buyer desperation in order to make prompt an offer, scheduling home inspections, controlling qualification assessments with the bank, supervising maintenance tasks, and aiding the closing.
Thanks for the a new challenge you have exposed in your text. One thing I’d like to reply to is that FSBO relationships are built after a while. By launching yourself to the owners the first weekend break their FSBO is usually announced, before the masses start off calling on Monday, you generate a good link. By giving them tools, educational supplies, free records, and forms, you become the ally. By taking a personal curiosity about them plus their circumstances, you produce a solid network that, oftentimes, pays off in the event the owners decide to go with an agent they know as well as trust — preferably you.
I’ve learned newer and more effective things from your blog post. One other thing I have recognized is that in many instances, FSBO sellers will certainly reject people. Remember, they’d prefer not to ever use your companies. But if a person maintain a gentle, professional romance, offering support and remaining in contact for four to five weeks, you will usually manage to win a business interview. From there, a house listing follows. Thank you
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