Buhari signs new minimum wage bill into law

A significant development in Nigeria!

On April 18, 2019, President Muhammadu Buhari signed the new National Minimum Wage Bill into law, increasing the minimum wage from N18,000 (approximately $49) to N30,000 (approximately $82) per month. This is a significant increase of 66.7% and is expected to benefit millions of Nigerian workers.

The new minimum wage law was passed by the National Assembly in March 2019, after months of negotiations between the government, labor unions, and other stakeholders. The increase is aimed at addressing the rising cost of living in Nigeria and improving the standard of living for low-income workers.

The new minimum wage law also provides for the establishment of a National Minimum Wage Committee to review the minimum wage every five years, ensuring that it remains relevant and effective in addressing the needs of Nigerian workers.

This development is a major victory for the Nigerian labor movement, which has been advocating for a significant increase in the minimum wage for years. It is also a testament to the government's commitment to improving the welfare of its citizens.

What do you think about this development? Do you think it will have a positive impact on the Nigerian economy and workers?