President Tinubu Signs N70,000 Minimum Wage Bill Into Law

President Bola Tinubu has officially signed the minimum wage bill into law, ending months of discussions between the government, labor unions, and the private sector.

The signing took place at the State House in Abuja on Monday, July 29, just days after the National Assembly approved the N70,000 per month minimum wage bill.

A delegation from the National Assembly, including Senate President Godswill Akpabio and several members of the House of Representatives, attended the historic event.

Following the signing, the Special Adviser to the President on Senate Matters, Basheer Lado issued a statement, describing the move as a promise fulfilled.

“The signing of the minimum wage bill into law by His Excellency, President Bola Ahmed Tinubu is both a promise kept and a demonstration of his people-centric governance model.

“Tinubu promised to pay a living wage to Nigerian workers during his electioneering campaigns and he has kept that promise,” he said in a statement.

President Tinubu’s decision comes after months of negotiations with labor unions, who demanded a new minimum wage in response to the removal of fuel subsidies and the floating of the naira, both of which had significantly increased the cost of living.