Tinubu signs new minimum wage bill into law

President Bola Tinubu has signed the new National Minimum Wage (Amendment) Bill 2024 into law.

This newspaper reports that the new law is reviewable every three years.

President Tinubu signed the Bill midway into the Federal Executive Council (FEC) meeting on Monday.

Senate President Godswill Akpabio led National Assembly leaders to the Bill signing ceremony.

Recall that the federal government and the organized labour reached an agreement of ₦70,000 as the new national minimum wage.

Consequently, the president sent the Bill to the National Assembly, which was passed swiftly last week.

The Head of Service of the Federation, Dr. Yemi Folade-Esan, said the new law will undoubtedly reassure the workers that the president cares about their welfare.

President Tinubu thanked the National Assembly for accelerating the passage of the law.