President Tinubu Signs New Minimum Wage Bill into Law

Source:Vanguard Nigeria
July 1, 2025
Nigeria
politics
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minimum wage
Tinubu
labor unions
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On July 1, 2025, President Bola Tinubu signed the new Minimum Wage Bill into law, setting the national minimum wage at N70,000 per month. This follows months of negotiations between the federal government, labor unions, and private sector stakeholders. The bill, passed by the National Assembly last week, aims to address the rising cost of living amid economic reforms. Labor leaders hailed the move as a victory for workers but cautioned that implementation across states remains a challenge. 'This is a step forward, but we will monitor compliance,' said Joe Ajaero, NLC President. The law also mandates a review of the wage every three years. Nigerians hope this will ease financial burdens, though some economists warn of potential inflationary pressures.

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