President Bola Tinubu has finally transmitted the National Minimum Wage Bill to the National Assembly for consideration and potential passage into law.
The transmission is coming after the organized labour accepted the N70,000 minimum wage offer approved by president Bola Tinubu on Thursday last week after six months of heightened agitation and negotiation.
Meanwhile, the submission of the Wage Bill 2024 on Tuesday to both chambers of the National Assembly follows President Tinubu’s promise in his Democracy Day speech on June 12, 2024, to send an Executive Bill on the new national minimum wage for consideration.
This legislative step aims to formalize the new wage agreement and provide Nigerian workers with a more sustainable income amidst ongoing economic hardship.
More details to follow…
