President Bola Tinubu has signed the minimum wage bill into law, marking the culmination of months-long deliberations between government authorities, labour unions, and the private sector.
According to Channels TV, the president signed the bill at the State House in Abuja on Monday, just days after the National Assembly had passed the bill.
The Senate and the House of Representatives had swiftly passed the National Minimum Wage Act 2019 (Amendment Bill) last Tuesday, after undergoing second and third readings in both legislative chambers of the National Assembly within minutes of being transmitted by the President.
The bill was approved separately by the Senate and the House of Representatives, paving the way for the President’s signature.
With the signing of the bill into law, the new minimum wage will take effect, providing a boost to workers’ earnings and marking a significant achievement for the government and labour unions.