President Bola Tinubu has signed the minimum wage bill into law, ending months of deliberations between government authorities, labour unions, and the private sector.
Tinubu signed the Bill at the State House in Abuja days after the National Assembly had passed it.
The brief ceremony was witnessed by the President of the Senate, Godswill Akpabio, and Deputy Senate President, Barau Jibrin, among others.
The Senate had last week passed the National Minimum Wage Act from N30,000 to N70,000 after the first, second, and third readings on same day.
President Tinubu had earlier on sent the bill to the House of Representatives to make ₦70,000 the new minimum wage for Nigerian workers.
This comes after the President and labour leaders agreed earlier on the amount .
All the senators unanimously adopted the motion when it was put to voice vote by Senate President Godswill Akpabio.
With the President’s assenting to the bill, governments at all levels and employers of labour are now bonded to pay their workers the wage.
The law is however subjected to another review after three years of implementation.