The Nigerian Senate has approved the National Minimum Wage Bill, 2024, raising the national minimum wage to N70,000.
Senators gave their approval after conducting the first, second, and third readings of the bill on Tuesday.
Advertorial
President Bola Tinubu submitted the bill to the Senate on the same day, emphasizing that it establishes a new national minimum wage and provides a legal framework for its regular review.
The new minimum wage of N70,000 marks a significant increase from the previous N30,000.
