President Bola Tinubu announces an executive bill for a new national minimum wage, to be sent to the National Assembly soon. The bill aims to align wages with economic realities, improving the standard of living for Nigerian workers.
In a significant move to address the demands of the Nigerian workforce, President Bola Tinubu announced that an executive bill proposing a new national minimum wage would soon be sent to the National Assembly for passage. This assurance was made during his second Democracy Day speech on June 12, 2024.
This announcement follows extensive negotiations between the government and labor unions aimed at adjusting the minimum wage to better reflect current economic realities and the cost of living. The proposed bill is expected to bring substantial improvements to the income levels of Nigerian workers, aligning wages more closely with inflation and ensuring a more equitable standard of living.
As the nation awaits the formal submission of the bill to the National Assembly, there is a palpable sense of anticipation among workers and labor leaders alike. The successful passage of this bill will mark a critical milestone in Nigeria’s labor history, reflecting the government’s commitment to improving the lives of its citizens.
