Buhari approves new minimum wage for workers

A great piece of news!

According to reports, President Muhammadu Buhari has approved a new minimum wage for Nigerian workers. The new minimum wage is N30,000 (approximately $82 USD) per month, which is a significant increase from the previous minimum wage of N18,000 (approximately $49 USD) per month.

The approval was announced by the Minister of Labour and Employment, Chris Ngige, who said that the new minimum wage will take effect from April 18, 2020. The minister also stated that the new wage will benefit over 45 million workers in the country, including federal and state government employees, as well as workers in the private sector.

The approval of the new minimum wage is a major victory for Nigerian workers, who have been demanding a higher minimum wage for several years. The increase is expected to help improve the standard of living of workers and their families, and to boost the overall economy.

It's worth noting that the approval of the new minimum wage is a result of a long and contentious negotiation process between the government and labor unions. The labor unions had been pushing for a higher minimum wage, citing the high cost of living in the country and the need to ensure that workers can afford a decent standard of living.

Overall, the approval of the new minimum wage is a positive development for Nigerian workers and the economy as a whole. It's a step in the right direction towards ensuring that workers are fairly compensated for their labor and that the economy is more equitable and sustainable.