Following yesterday’s accelerated passage, President Bola Ahmed Tinubu will receive a clean copy of the new minimum wage bill for assent. Both chambers of the National Assembly wasted no time during their separate plenaries to put the Bill through the three readings and passed it with voice votes.
The Executive Bill, which prescribed an N70,000 minimum wage and a three-yearly review of the wage, was red on the floors of both the red and green chambers by the presiding officers.
The bill gave legal backing to the N70,000 minimum wage agreed upon between organised Labour, the organised private sector and the government.
The bill also reduced the number of years for consideration and approval of a new minimum wage from five years to three years as promised by President Tinubu at his meeting with leaders of organised labour. The President appealed to the lawmakers to expedite the bill’s passage.
Majority Leaders of both chambers, Opeyemi Bamidele and Julius Ihonvbere, moved motions to suspend relevant rules to allow for the consideration of the Bill for second and third reading.
