President Bola Ahmed Tinubu has signed a new minimum wage bill into law, setting the minimum wage at N70,000. This milestone was achieved after months of deliberations between the Federal Government and labour unions.
At the signing ceremony held at the Council Chamber of the Presidential Villa in Abuja, President Tinubu emphasized the importance of this new minimum wage. The President of the Senate and other officials witnessed the ceremony.
The signing took place during the Federal Executive Council meeting at the State House in Abuja. This new development follows an agreement between the Federal Government and labour unions, marking a significant achievement for workers in Nigeria.
The bill was passed by the National Assembly before being signed into law by President Tinubu. This new minimum wage is expected to improve the standard of living for many Nigerians.
As President Tinubu signed the bill, he reaffirmed his commitment to the welfare of Nigerian workers. The new minimum wage is a testament to the government’s efforts to address the economic challenges faced by citizens.
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