Breaking News

Minimum wage: N18,000 too small – Nyako

Yola — Governor Murtala Nyako of Adamawa has described the N18,000 minimum wage as too small.
Speaking with newsmen in an interactive session on Christmas day in Yola, Nyako said the amount was to meagre to cater for a family man.

Nyako was, however, quick to point out that in spite of the small amount, many state governments would find it difficult to implement.

He said this was because of the states’ sole dependence on the monthly federation account allocation.

Nyako said there was need for states to source for alternatives to oil money if they were to meet the growing developmental needs of their people.

He said it was the zeal to wean Adamawa from over dependence on oil money that his administration engaged in projects such as transforming agriculture by introducing commercial farming.

Other projects, Nayako said, included the technical skills acquisition centres as well as independent power plants for steady electricity to fast_tract industrialisation that would bring more revenue.

The governor explained that the World Bank would be assisting the state with over N7 billion which he described as “almost free interest loan” payable in 40 years including 10 years moratorium.

The governor also said that Islamic Development Bank would also assist the state in establishing three science schools for the training of personnel

According to Nyako, with steady electricity supply, industries would troop to Adamawa where there would be not only available power, but trained manpower to meet industrial demands.


Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.