The Nigeria Senate has approved the bill to increase the national minimum wage from N30,000 to N70,000, effectively making it a law.
The Senate President, Godswill Akpabio, announced the approval following the third reading of the bill during a plenary session in Abuja on Tuesday.
The bill, which was proposed by President Bola Tinubu after meeting with the heads of organised labour last week, also included a reduction of the review timeline of the minimum wage from 5 years to 3 years.
Speaking at the plenary session on Tuesday, Akpabio read out the intent of the bill and ruled for its approval.
“Distinguished colleagues, a bill to amend the National Minimum Wage Act 2019 and to increase the national minimum wage from N30,000 to N70,000 and review the time for periodic review of the national minimum wage from years to 3 years and for related matters 2024.
“Distinguished colleagues, the third reading has been taken and passed,” Akpabio said.
