Breaking: House of Reps Takes Final Decision on N70k Minimum Wage
- The House of Representatives passed the new minimum wage bill into law on Tuesday, July 23, following President Bola Tinubu's request
- President Tinubu had earlier pegged the new minimum wage at N70,000 following back-and-forth meetings between the government, labour and organized private sector
- The passage of the executive bill by President Tinubu has, therefore, increased the minimum wage from N30,000 to N70,000
FCT, Abuja - The House of Representatives passed a bill to increase the minimum wage from N30,000 to N70,000 on Tuesday, July 23.
President Bola Tinubu had earlier presented the minimum wage bill to the House for consideration and passage into law.
Source: Twitter
New minimum wage gets legal backing
The bill gives legal backing to the new minimum wage agreed upon by organized labour, the private sector, and the government after negotiations.
The bill also reduces the timeframe for considering a new minimum wage from five years to three years, as President Tinubu promised.
According to a letter from the presidency, Tinubu urged the lawmakers to expedite the passage of the bill to ensure immediate implementation for the benefit of Nigerian workers.
House replaces National Minimum Wage Act of 2019
The House passed the bill expeditiously, replacing the National Minimum Wage Act of 2019, which provided for a N30,000 minimum wage.
Speaking on the development, Muhammed Bello El-Rufai, the lawmaker representing Kaduna North federal constituency in the Green Chamber, summarized what happened in the House.
El-Rufai said:
"The House of Representatives has passed a bill for an act to amend the National Minimum Wage Act, No. 8 of 2019, to increase the National Minimum Wage and Reduce The Time For the Periodic Review of The National Minimum Wage Wage from Five Years To Three Years; And For Related Matters (HB. 1677)."
See Bello's tweet here:
Reps move to create new 74 legislative seats
Legit.ng earlier reported that the House of Representatives had passed a bill proposing an additional 74 seats for women in the National Assembly to the second reading.
Benjamin Kalu, the deputy speaker of the House, led 12 others to sponsor the bill, which seeks to reserve one seat each in the Senate and the House of Representatives for women.
According to the bill, if passed, the number would commence at the end of the current National Assembly tenure.
Proofreading by Nkem Ikeke, journalist and copy editor at Legit.ng.
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Source: Legit.ng
