*The Senate, in the National Assembly, passes the country鈥檚 new National Minimum Wage Act 2019 (Amendment Bill) of N70,000 benchmark for Nigerian workers

Isola Moses | 绿帽献妻

The Nigerian Senate Tuesday, July 23, 2024, in the National Assembly (NASS), Abuja, FCT, passed the new National Minimum Wage Act 2019 (Amendment Bill) of N70,000 for Nigerian workers.

绿帽献妻 reports the West African country鈥檚 new National Minimum Wage for workers is renewable in three years.

Earlier, President Bola Ahmed Tinubu, the Organised Private Sector (OPS), and the leadership of the Organised Labour, represented by the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) after their discussions Thursday, July 18, 2024, in Abuja, FCT, had agreed on N70,000 as the new National Minimum Wage for Nigerian workers.

President Tinubu (2nd right), Barr. Nkeiruka Onyejeocha, Honourable Minister for Labour and Employment (far right); Comrade Joe Ajaero, President of NLC (2nd left); and Mr. Festus Osifo, President of TUC, after reaching the N70,000 new Minimum Wage benchmark agreement for Nigerian workers, in the State House, Abuja, recently

Subsequently, Alhaji Mohammed Idris, Honourable Minister for Information and National Orientation, who disclosed this development to the State House Correspondents, Thursday, said that the agreement was reached at a meeting between President Tinubu and the leaders of the NLC and TUC.

According to Idris, the President would submit the N70,000 new Minimum Wage benchmark to the National Assembly for consideration and passage.

Elated Idris told reporters: 鈥淲e are happy to announce today (Thursday) that both the Organised Labour and the Federal Government have agreed on an increase on the N62,000 Minimum Wage.

鈥淭he new National Minimum Wage that Mr. President is expected to submit to the National Assembly is N70,000.鈥�

NASS expedited consideration of bill to increase Minimum Wage to N70,000

Passing the bill into an Act Tuesday, the Senate passed the bill, which had scaled through second and third readings, shortly after President Bola Ahmed Tinubu transmitted it to the Upper Legislative Chamber.

The Senators, in a unanimous vote after a clause consideration in the Committee of the Whole Tuesday, made the National Minimum Wage Bill scale the third reading and passed the bill into an Act.

It was learnt President Tinubu, earlier Tuesday, had transmitted the National Minimum Wage Bill to the National Assembly for consideration and passage.

The President separately, wrote to the Senate and the House of Representatives requesting 鈥渆xpedited consideration of a bill for an Act to amend the National Minimum Wage Act, 2019 to increase the National Minimum Wage from N30,000 to N70,000.

He also requested the Federal lawmakers to reduce the time for a periodic review of the National Minimum Wage from initial five years to three years, and related matters.

The truce between the Federal Government and Labour sides was sequel to series of talks between Labour leaders and the President in the last few weeks after months of failed talks between Labour organs and a tripartite committee on minimum wage, which the Nigerian leader had constituted January 2024.

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