The Senate on Tuesday, July 23, 2024 at plenary, 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 Sen.Opeyemi Bamidele (APC-Ekiti).
The bill which was transmitted to Senate by President Bola Tinubu on July 23, was given accelerated consideration, resulting into its first and second reading in line with Senate rule 80.
Mr 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 recent times, plethora of agitations and clamour have been recorded from organised labour and other segment of the society for increase in national minimum wage, given prevailing economic situation in Nigeria.
He said in response to agitations and after series of negotiations between Federal Government and the organised labour, the current national minimum wage of N30,000 only has been reviewed upward to the N70,000.
According to him, it is part of Federal Government’s short-term measure to mitigate the situation in the country, as efforts are being made to bring long-term solutions that would align with yearnings and aspirations of Nigerians and bring succour.
