Osun begins implementation of minimum wage, lifts embargo on promotion

Osun State Governor, Gboyega Oyetola, has approved immediate implementation of minimum wage, lifted ban on Annual Salary Increment and embargo placed on promotions and conversions since 2012.

Governor Oyetola, who made the announcement on Friday in his office, while meeting with Labour leaders in the state, said the implementation of welfare packages was in fulfilment of the electioneering promises made to the workers while seeking office.

“With the implementation of the New Minimum Wage, I wish to state that the action we have taken today would bring an additional N750m 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, cutting excesses, as well as adopting creativity in governance. We are also working hard to increase the revenue of our state.” 

Governor Oyetola, who described workers as valuable assets to the socio-economic growth and development of the state, applauded them for their selflessness, commitment and diligence.

He urged them to increase productivity and support government in its efforts to improve Internally Generated Revenue.
 
“I, therefore, appeal to us to take advantage of the welfare packages that we have introduced to double our efforts to take the state out of economic woods and set it on the lane of economic transformation that we began together two years ago.”