Credit score: Bola Ahmed Tinubu/Instagram
The president of Nigeria, Bola Ahmed Tinubu has formally signed the brand new minimal wage invoice into regulation. This follows months of intensive discussions between the federal authorities, labour unions and the personal sector. Earlier this month, the president approved a ₦70,000 minimal wage for Nigerian staff throughout a gathering with the management of the Nigeria Labour Congress (NLC) and the Commerce Union Congress (TUC).
The signing occurred as we speak during the Federal Government Council (FEC) assembly on the State Home in Abuja, following the Nationwide Meeting’s passage of the ₦70,000 minimal wage invoice.
The brand new minimal wage replaces the earlier ₦30,000. In June, the labour unions went on strike, protesting an absence of settlement on a brand new minimal wage and a current hike in electrical energy tariffs. Days later, the strike was suspended to permit for uninterrupted negotiations with the federal government.
Initially, labour unions demanded ₦494,000 because the minimal wage however later diminished their request to ₦250,000 after intensive negotiations. The federal authorities then proposed ₦62,000 earlier than selecting the just lately permitted ₦70,000.
According to the president’s particular adviser on data and technique, Bayo Onanuga, the brand new minimal wage regulation features a dedication to evaluation the nationwide minimal wage each three years.
