NATIONAL ASSEMBLY PASSES SEVENTY THOUSAND NAIRA MINIMUM WAGE LAW.

The Senate has passed the 2024 National Minimum Wage Amendment Act Bill.

This, followed presentation and adoption of a report on the bill, by leader of the Senate Senator Opeyemi Bamidele (APC-Ekiti).

The bill which was transmitted to the Senate by President Bola Tinubu earlier today, was given accelerated consideration, resulting into its first second and third reading in line with Senate rule 80.

Opeyemi in his lead debate on the general principles of the bill said the bill sought to amend the national minimum wage act, 2019.

According to him, the bill seeks to increase the national minimum wage and reduce the time for periodic review from Five years to three years.

He said in response to agitations and after series of negotiations between Federal Government and the organized labour, the current national minimum wage of N30,000 only has been reviewed upward to the N70,000.

The Senate also passed a Bill for an Act to amend the Nigeria Police to enable a person appointed to the office of Inspector General of Police to remain in office until the end of the term stipulated in the letter of appointment.

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