President Bola Tinubu, on Monday, signed the new Minimum Wage Act into law.Tinubu signed the new law at 2 pm at the Council Chamber of the Presidential Villa, Abuja.
The brief ceremony was witnessed by the President of the Senate, Godswill Akpabio, and Deputy Senate President, Barau Jibrin, among others.
Following the signing, the Special Adviser to the President on Senate Matters Basheer Lado said the move is a promise kept.“The signing of the minimum wage bill into law by His Excellency, President Bola Ahmed Tinubu is both a promise kept and a demonstration of his people-centric governance model,” he said in a statement. “Tinubu promised to pay a living wage to Nigerian workers during his electioneering campaigns and he has kept that promise.”
Long walk to minimum wage
President Tinubu’s move followed months of talks with labour unions which insisted on a new minimum in the wake of the fuel subsidy removal and the floating of the naira which had ballooned the cost of living.
