Nigerian lawmakers passed legislation on Tuesday to more than double the minimum wage to 70,000 naira ($44.16) 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 30,000 naira 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.
Latest Stories
-
If there’s an industry for special effects makeup, we’ll get support – Kruz K
8 mins -
Why Ghana’s “galamsey” fight has become a waste of time
14 mins -
Low vaccination rate sparks concerns in Volta Region as health officials urge mass immunization
9 hours -
“If you see something, say something” – Globeserve Ministries advocates against child slavery at Adidome conference
9 hours -
PURC engages southern Volta consumers on consumer rights and utility services
9 hours -
Anny Osabutey: Even the devil rested
9 hours -
Ghana’s AI Revolution: Unlocking the future of industry and innovation
10 hours -
The Future of Epidemic Control: Africa’s AI-driven public health revolution
10 hours -
Ghana’s Gold Gamble: How illegal mining threatens our future and global relations
10 hours -
NDC not ready for elections – Evans Nimako over demand for audit of voters register
10 hours -
David Asante set to contest 2024 election as Nkwakaw MP withdraws on health grounds
11 hours -
We have no interest in demolishing property at Cantonments, Labone – Office of the VP
11 hours -
NDC annuls Amenfi Central parliamentary primaries; sets date for rerun
11 hours -
National Junior Speller premieres Sept. 7 on Joy Prime
12 hours -
MzVee drops new single and video ‘Peace of Mind’
12 hours