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The Senate President, Godswill Akpabio, has assured that the Amendment Bill to fund the full implementation of the newly signed national minimum wage law will be expeditiously passed on Wednesday, July 31, 2024.
The Bill aims to amend the Appropriation Act of 2024 to provide an additional N6.2 trillion for the new salary structure.
Akpabio emphasized that the implication of the newly signed Wage Act is to ensure that no Nigerian worker is paid below the approved N70,000 minimum wage, which remains the minimum and not the maximum.
The House Leader, Prof. Julius Ihonvbere, praised the President's efforts in signing the new minimum wage, highlighting the increase from N30,000 to N70,000 and the reduction of the negotiation period from five years to three as clear indications of the administration's commitment to the Nigerian people.
