President Bola Tinubu has signed the minimum wage bill into
law.
The president signed the bill in the council chamber of the
State House, in the middle of the federal executive council (FEC) meeting.
The council suspended the meeting to allow the leadership of
the national assembly, led by Senate President Godswill Akpabio, to witness the
signing of the bill.
Last Tuesday, the senate and house of representatives passed
the new minimum wage bill.
The bill passed first (President Bola Tinubu’s request),
second (debate on general principles), and third readings — all within an hour
— in the upper and lower legislative chambers.
The legislation increased the country’s minimum wage from
N30,000 to N70,000.
The law also provides for a review of the minimum wage every
three years.
The last minimum wage of N30,000 was signed by former
President Muhammadu Buhari in 2019.
Prior to the enactment of the new minimum wage act, the
federal government and organised labour held a series of meetings.
The Nigeria Labour Congress (NLC) and Trade Union Congress
(TUC) had embarked on a strike over a review of the minimum wage.
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