President Bola Tinubu has signed the minimum wage bill into law, ending months of deliberations between government authorities, labour unions, and the private sector.
The president assented to the bill on Monday during the Federal Executive Council meeting attended by the members of the Cabinet and the leadership of the National Assembly.
Recall that during the last Council meeting, the president directed the Minister of Budget and Economic Planning, Abubakar Atiku Bagudu, to propose additional measures for the 2024 budget to address the financial gaps that will arise from the implementation of the new minimum wage once it is finalised.
At the last FEC, the Federal Government also directed the distribution of 740 trucks of bags of rice across the 36 states of the Federation and the Federal Capital Territory.
Vice President Kashim Shettima; Secretary to the Government of the Federation, George Akume; Chief of Staff to the President, Femi Gbajabiamila; the National Security Adviser, Nuhu Ribadu; and the Head of Civil Service of the Federation, Folashade Yemi-Esan, attended the meeting, alongside most ministers and other members of Council.
