Osun State Governor, Adegboyega Oyetola, has approved the implementation of the new minimum wage in the state. The Governor also lifted restrictions placed on annual salary increment, promotions and conversions by his predecessor, Ogbeni Rauf Aregbesola.
The state government also disclosed that the implementation of the new welfare packages will commence from today, November 1st, 2020.
Speaking at the signing the new minimum wage, Governor Oyetola, reminded the labour leaders present of the commitment made by his administration in 2018 to ensure workers welfare is given utmost priority.
“You will all recall that, despite the raging economic challenges when we came into office in 2018, we resolved as an administration to give the welfare of our workers the deserved attention.
As you all know, 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 fulfill 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 worker’s salaries would be a thing of the past. We continue to fulfill this promise to date. We are also delivering service and projects since we came into power about two years ago.
With the implementation of the new minimum wage, I wish to state that the action we have taken today would bring an additional N750million cost to our monthly wage bill.
Part of our strategies for getting by in this harsh economic environment was the introduction of fiscal discipline through cutting of wastes, plugging excesses as well as adopting creativity in governance. We are also working hard to increase the revenue of our State.”
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