NASS passes N70k National Minimum Wage bill into law | Read More
The National Assembly have passed the National Minimum Wage Amendment Act, which introduces a new N70,000 national minimum wage, into law.
Trustbase News had earlier reported that President Bola Tinubu on Tuesday, sought the immediate approval of the Senate on the minimum wage.
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Reading the general principles of the bill, Senate Leader Bamidele Opeyemi explained that the bill, if passed, would reduce the period of review of the minimum wage from five years to three years in line with economic realities, given that the Act was last amended in 2019.
The Senate and House of Representatives immediately passed the bill after it scaled second and third reading in the respective chambers.
