The federal government has approved ₦758 billion in bonds to offset long-standing pension liabilities, including pension increases owed since 2007.
Mr Nta said President Bola Tinubu assented to the act after the bill was forwarded to him by the National Assembly.
The committee’s mandate is to consult all stakeholders on the issue of national minimum wage and consider it in the context of the dynamics of the economy.
He said the circular directed all MDAs to desist from implementing any increase without NSIWC’s input, and after approvals by the government, such approvals must be conveyed by NSIWC.
