President Bola Tinubu has signed the minimum wage bill into law, ending months of deliberations between government authorities, labour unions, and the private sector.
He signed it at the State House in Abuja on Monday days after the National Assembly had passed the bill.
The law offers a minimum wage of N70,000 monthly, which is reviewable every three years.
Presidential aide, Bayo Onanuga announced this in a tweet, on Monday, July 29.
The post reads: “President Bola Ahmed Tinubu today signed the new National Minimum Wage Amendment bill 2024 into law. The law which prescribes a minimum of N70,000 as a monthly salary, is reviewable every three years.
“President Tinubu signed the bill midway into the Federal Executive Council meeting. The Head of Service said the new law will undoubtedly reassure the workers that the President cares about their welfare.
“Senate President Godswill Akpabio led National Assembly leaders to the signing ceremony.
“President Tinubu thanked the National Assembly for accelerating the passage of the law.”
The Senate on Tuesday, July 23, during plenary, passed the 2024 National Minimum Wage Amendment Act Bill.
