President Muhammadu Buhari has signed into law the Minimum Wage Repeal and Re-Enactment Act, 2019 which states that N30,000 is the new minimum wage.
The President assented to the Act on Thursday in Abuja, mandating all employers of labour across the country to pay workers a minimum of N30,000 monthly wage.
The National Assembly had submitted the minimum wage bill to the President on the 27th of March.
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Both chambers of lawmakers had passed the bill before the 2019 general elections.
Earlier in the week, workers in the Federal Capital Territory had begged the President to sign the minimum wage bill before May 1st.
Some of the workers had expressed concerns over the delay in signing the bill into law, adding that it was causing them unnecessary anxiety.
President Buhari had, in January, sought the approval of N27,000 as against the N30,000 agreed upon by stakeholders.
However, the Senate and the House of Representatives approved the sum of N30,000 as the new national minimum wage.