President Tinubu may sign N70,000 minimum wage bill next week

After the National Assembly passed the Minimum Wage Bill, President Bola Tinubu might sign it into law the next week.
After passing both chambers quickly during Tuesday’s plenary session, the law was completed on Wednesday and sent to the president on Thursday (yesterday), according to multiple sources within the National Assembly.
The development was confirmed by Senator Abdullahi Gumel, the Senior Special Assistant on National Assembly Matters.
He informed our correspondent early on Thursday that “the bill will be transmitted today (Thursday).”
It is anticipated that the President will quickly assent the law.
The National Minimum Wage Act 2019 (Amendment Bill) was rapidly passed by the Senate and the House of Representatives.
Shortly after the President forwarded the bill, it was adopted independently by the Senate and the House of Representatives on Tuesday and proceeded to be read a second and third time in both legislative chambers of the National Assembly.
The National Minimum Wage Bill passed its third reading and was adopted by the Senate by a unanimous vote following the Committee of the Whole’s clause-by-clause review.
Following the Senate’s lead, the House of Representatives swiftly approved the legislation.
An executive measure regarding the new national minimum wage has been forwarded by the President to the National Assembly for review and approval.
In a separate letter, he asked for the National Minimum pay Act of 2019 to be amended as soon as possible to reflect the new minimum pay of N70,000 instead of N30,000. He addressed the Senate and the House of Representatives.
Furthermore, the President asked Congress to shorten the five-year review term for the national minimum wage to three years.