Just another News Updates
The National Assembly has postponed the transmission of the minimum wage bill, which may now be sent to President Bola Tinubu by Monday. The bill, which underwent second and third readings in both legislative chambers shortly after being transmitted by the President, was approved separately by the Senate and the House of Representatives on Tuesday. […]
As workers eagerly anticipate the implementation of the new ₦70,000 minimum wage, many will be disappointed to learn that not all are eligible for this pay raise. Who is Excluded and Why? An investigation reveals that the Tripartite Committee on the New National Minimum Wage, which concluded its work on June 5, 2024, has identified […]
Senate President Godswill Akpabio has announced that the newly approved minimum wage of ₦70,000 will apply to all workers in both the public and private sectors, including domestic staff. He revealed this during a plenary session on Tuesday. Akpabio stated, “If you are a tailor and employ additional hands, you cannot pay them below ₦70,000. […]
The presidency has confirmed that the new national minimum wage will take effect starting April 2024. This announcement came from Dada Olusegun, the Special Assistant to President Bola Tinubu on Social Media, via a post on X (formerly Twitter) on Tuesday. In his post, Olusegun revealed that workers would receive two months’ worth of arrears […]
… Reduces Periodic Review Time from 5 to 3 Years The Senate has passed a bill amending the National Minimum Wage Act of 2019, raising the National Minimum Wage from ₦30,000 to ₦70,000. The bill, which also reduces the period for reviewing the minimum wage from five years to three years, was passed on Tuesday. […]
President Bola Ahmed Tinubu on Tuesday submitted a ₦70,000 Minimum Wage bill to the House of Representatives for consideration and passage into law. The bill aims to formalize the ₦70,000 minimum wage recently agreed upon by organized labor, the private sector, and the federal government following extensive negotiations. The President’s letter, read on the House […]
After over six months of negotiations between the Federal Government and organized labor, President Bola Ahmed Tinubu finally resolved the impasse last Thursday, securing labor’s acceptance of a new national minimum wage of ₦70,000. However, with inflation at a record high of about 34% and food inflation around 41%, the ₦70,000 monthly wage, equivalent to […]
Following President Bola Ahmed Tinubu’s approval of ₦70,000 as the national minimum wage, economists and political analysts have expressed their disappointment. According to the News Agency of Nigeria (NAN), experts who spoke separately on Friday in Ebonyi State described the amount as inadequate given the current economic realities in the country. Collins Anike, an economist, […]