The Senate has passed the new national minimum wage bill into law, following the request by President Bola Tinubu.
The bill was passed on Tuesday, 23rd July and will now wait for concurrence from the House of Representatives following a letter asking for such from the Nigerian President
The bill, when it’s active, we would pave the way for the payment of the new minimum wage of N70,000 to Nigerian workers.
The newly passed bill also has a new provision for its review after 3 years, unlike the former provision with a 5-year review period.
Details later…