News
Nigerian lawmakers pass minimum wage bill, ending labour dispute
Nigerian lawmakers passed legislation on Tuesday to more than double the minimum wage to N70,000 a month, ending months of wrangling between the government and labour unions. The wage bill, which passed at an accelerated hearing, amends the 2019 minimum wage law, cutting the review period for public wages to three years from five years. Nigeria’s main labour unions had agreed on the new minimum wage on Thursday after talks with the government after months of deadlock and the threat of strikes. The bill passed without any opposition at the senate and the lower parliament. It will become effective as soon as President Bola Tinubu gives his assent.

The minimum wage will rise from N30,000 a month after Nigeria’s two biggest union federations, the Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC), argued that soaring prices and a weakening currency caused by reforms instituted by President Tinubu were hitting workers hard. Africa’s most populous nation is grappling with the worst cost of living crisis in a generation, stoking fears of Kenyan-style protests that have rocked that country for nearly a month.
-
News3 hours agoItaly-bound businessman arrested with cocaine consignments at Lagos airport—NDLEA
-
Economy3 hours agoFirm backs young entrepreneurs, seeks more funding for MSMEs
-
News3 hours agoEU to increase funding for culture, creative economy in Nigeria, Africa
-
Oil and Gas2 hours agoOPEC+ agrees to keep November oil output targets steady
-
Economy3 hours agoWorkers urge FG to reduce PAYE tax amid rising cost of living
