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    MarketForces Africa » MarketForces News » Tinubu Seeks Senate Approval for National Minimum Wage Amendment Bill

    Tinubu Seeks Senate Approval for National Minimum Wage Amendment Bill

    Olu AnisereBy Olu AnisereJuly 23, 2024 News No Comments1 Min Read
    Tinubu Seeks Senate Approval for National Minimum Wage Amendment Bill
    President Bola Ahmed Tinubu
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    Tinubu Seeks Senate Approval for National Minimum Wage Amendment Bill

    President Bola Tinubu has urged the Senate to approve the national minimum wage Act amendment bill 2024.

    Tinubu’s request is contained in a letter addressed to President of the Senate, Godswill Akpabio and read at plenary on Tuesday.

    According to Tinubu , the bill is to prescribe the national minimum wage and also provide for legal framework for  review of the national minimum wage and for other purposes.

    “While appreciating the senate’s expeditious consideration of this bill, please accept distinguish senate President and distinguished senators the highest consideration,” Tinubu said.

    Akpabio, thereafter committed the bill to the committee of the whole for consideration, in view of its urgency.

    The News Agency reports that the President on Thursday approved N70, 000 as the new national minimum wage for after a deliberation with the organised labour at the presidential villa, Abuja. #Tinubu Seeks Senate Approval for National Minimum Wage Amendment Bill

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    Bola Ahmed Tinubu
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    Olu Anisere
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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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