President Bola Ahmed Tinubu has presented the N70,000 Minimum Wage bill to the House of Representatives and the Senate for consideration and passage into law. Tinubu’s letter was read on the floor of the House on Tuesday, July 22. As reported by The Nation, the bill is expected to legalise the N70,000 minimum wage.....KINDLY READ THE FULL STORY HERE▶
Legit.ng recalls that President Tinubu approved the N70,000 minimum wage with Organised Labour, Organised Private Sector and the government after a series of long-drawn negotiations.
The letter from the president will provide the legal framework for the implementation of the agreed new minimum wage.
President Tinubu pleaded with the lawmakers to pass the minimum wage bill speedily to ensure immediate implementation for the benefit of Nigerian workers.
According to TVC News, President Tinubu also transmitted the new national minimum wage bill to the Senate for approval.
The Special Assistant to President Tinubu on Social Media, Olusegun Dada, said when signed into law, the new minimum wage is expected to take effect from April 2024 meaning workers will be paid arrears of their increase from this period.
Dada via his X handle (formerly known as Twitter)@DOlusegun.
Legit earlier reported that the Senator representing Imo West Osita Izunaso at the national assembly in Abuja said the federal lawmakers will add domestic workers to the bill for implementation of the N70,000 minimum wage.
The lawmaker argued that the N70,000 is planned to be the minimum wage for the lowest public workers.
Why Tinubu approved N70,000 minimum wage
Legit earlier reported that a chieftain of All Progressives Congress (APC), Francis Okoye, explained why President Bola Tinubu approved N70,000 as the new national minimum wage.
The convener of APC South-East Coalition said the approval shows Tinubu’s commitment towards the improved welfare of Nigerian workers.
In an exclusive chat with Legit.ng, Okoye hailed President Tinubu’s negotiation skills and how he handled the labour impasse.