The Senate has passed a new national minimum wage bill into law, following a request by President Bola Tinubu. The bill, which proposes a minimum wage of N70,000 for Nigerian workers, was approved during the plenary session on Tuesday, 23rd July.
The bill successfully passed through its first, second, and third readings in the upper legislative chamber. It will now await concurrence from the House of Representatives.
A notable update in the newly passed bill is the provision for a review every three years, a change from the previous five-year review period.
Further details are expected soon.
News Editor