By Sabiu Abdullahi
President Bola Tinubu has signed the National Minimum Wage Amendment Bill 2024 into law, officially setting the new minimum wage at N70,000.
The legislation, which is subject to review every three years, was signed at the State House in Abuja on Monday.
The signing ceremony was attended by Senate President Godswill Akpabio and other National Assembly leaders, who had expedited the bill’s passage.
President Tinubu expressed his gratitude to the National Assembly for their swift action on the legislation.
According to the Head of Service, the new law demonstrates President Tinubu’s commitment to the welfare of workers, saying “the new law will undoubtedly reassure the workers that the President cares about their welfare.”
This is believed to be a step forward in bringing down the dire situations Nigerian workers are in, in the face of the unprecedented inflation around the country.