Tinubu signs N70,000 minimum wage bill into law

The minimum wage bill has been signed into law by President Bola Tinubu, after months of discussions involving the government, labour unions, and business community. 

A few days after the National Assembly enacted the Minimum Wage Act, 2019 to raise the National Minimum Wage from 30,000 to 70,000, he signed it at the State House in Abuja on Monday. 

Witnessing the historic occasion were a delegation from the National Assembly, led by Senate President Godswill Akpabio, and a few members of the House of Representatives. 

Basheer Lado, the President's Special Advisor on Senate Matters, stated that the action is a fulfilment of a pledge after it was signed.

“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.”

President Tinubu's action came after months of negotiations with labour unions, who demanded a higher minimum in the wake of the naira's floating and the withdrawal of gasoline subsidies, both of which increased the cost of living.

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