The Federal Government will be raising a supplementary budget so that it can pay the new minimum wage, which is under review.
The Director General of the Budget Office Ben Akabueze said this. adding that the effect on this year’s budget is being considered by the National Assembly.
Akabueze said: “When an agreement is reached on the new minimum wage, the financial implications will be worked out and a supplementary budget prepared for its implementation.”
He added: “Right now, the only provision that exists is what we call public service wage adjustment and that is merely over N40 billion that has been made on that line, which means it would not be enough to cater for any adjustments that may be necessary.”