The Senate has passed the National Minimum Wage Bill, 2024.
Senators approved the bill during its first, second, and third readings on Tuesday.
President Bola Tinubu forwarded the bill to the Senate on the same day.
Related Posts
BREAKING: Tinubu forwards national minimum wage bill to Senate
Citizens, protests and the law
Senate, NCWS want domestic workers captured in N70,000 minimum wage
Tinubu stated that the bill prescribed a national minimum wage and also provided a legal framework for a seamless review of the minimum wage.
The new minimum wage, as specified in the bill, is N70,000, an increase from the current N30,000.
Additionally, the period for reviewing the minimum wage has been reduced from five years to three years.
Tribune
