In a historic move, President Bola Tinubu has given his assent to the highly anticipated minimum wage bill, officially setting the minimum wage at N70,000 per month.
This milestone marks the culmination of months of intense negotiations between government officials, labour unions, and the private sector.
The signing ceremony, which took place at the State House in Abuja on Monday, was attended by a delegation from the National Assembly, including President of the Senate Godswill Akpabio and several members of the House of Representatives.
The Labour Union, which played a crucial role in the negotiations, accepted the N70,000 minimum wage, paving the way for the President’s signature.
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According to President Tinubu, “This is a promise kept” to Nigerian workers, who have been eagerly awaiting a wage increase.
The new minimum wage is expected to benefit millions of workers across the country, providing them with a much-needed financial boost.
The minimum wage bill, which was passed by the National Assembly, stipulates that the wage will be reviewed every three years, with the first review expected in 2027.
This ensures that the minimum wage will continue to evolve to meet the changing needs of Nigerian workers.
With the signing of this landmark bill, President Tinubu has demonstrated his commitment to improving the lives of Nigerian workers, and cementing his legacy as a champion of the people.
As the country moves forward, one thing is clear: the N70,000 minimum wage is a triumph for Nigerian workers, and a testament to the power of collective bargaining.
