Tinubu signs N70,000 new minimum wage into law

Tinubu signs N70,000 new minimum wage into law

Abdullateef Fowewe

President Bola Tinubu has signed the new N70,000 national minimum wage amendment bill into law during the Federal Executive Council meeting that was held at the Council Chambers of the Presidential Villa, Abuja.

This was revealed in a statement on Monday by the Special Adviser Information and Strategy to the president, Bayo Onanuga.

Onanuga in the statement noted that Senate President Godswill Akpabio and other members of the National Assembly leadership were present at the signing ceremony of the new national minimum wages.

Onanuga wrote, “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. 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.”

Dailyeconomy on Wednesday, July 24, 2024, reported that Akpabio said the new minimum wage is entitled to all workers including gatemen, drivers, housemaids and apprentices.