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Tinubu signs minimum wage bill
President Bola Tinubu on Monday signed the minimum wage bill into law.
The president signed the bill at the State House, Abuja, with the Senate President, Godswill Akpabio and the Speaker of the House of Representatives, Tajudden Abbas, in attendance.
The National Assembly passed the N70,000 minimum wage bill last Tuesday.
The new law increased the country’s minimum wage from N30,000 to N70,000.
It also provides for a review of the minimum wage every three years.
The development has ended the protracted negotiations on the new minimum wage between the Federal Government and organised labour.
READ ALSO:Nigerian govt to pay minimum wage with N6.2tr supplementary budget
The federal government had during negotiations proposed N62,000 as the new minimum wage while the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) pushed for N250,000 as the acceptable wage template for workers in the country.
Following the signing, the Special Adviser on Senate Matters to the President, Basheer Lado, in a statement, said the move was a promise kept.
He said: “The signing of the minimum wage bill into law by His Excellency, President Bola Ahmed Tinubu is both a promise kept and a demonstration of his people-centric governance model.
“Tinubu promised to pay a living wage to Nigerian workers during his electioneering campaigns and he has kept that promise.”
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