From Juliana Taiwo-Obalonye, Abuja
President Bola Tinubu has signed the National Minimum Wage Bill into Law.
The signing was done in the Council Chambers of State House in the middle of the Federal Executive Council Meeting, where he presided.
The council meeting took a break to welcome the leadership of the National Assembly, led by President of the Senate, Godswill Akpabio, to witness the signing.
Tinubu thanked the National Assembly for passing the bill expeditiously. “All I can say is thank you very much for the expeditious act”, he said.
Head of Service of the Federation, Folashade Yemi-Esan, said this will help douse tension in the country and among workers.
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, assured of speedy implementation.
Tinubu had, last week, approved a new minimum wage of N70,000 for Nigerian workers and pledged to review the national minimum wage law every three years.
Speaking to State House Correspondents, Akpabio said the new national minimum wage was for the federal, states and local governments, the private sector and individual employers.
He said the implication of the newly signed wage act is to ensure no Nigerian worker is paid below the approved N70,000, stressing that it remains the minimum wage and not the maximum.
“So, I think this is a great day for the workers in the country. We are not only doubling the minimum wage, we have added something on top. Initially, it was N30,000, now it is N70,000.
“Like I said, this is minimum, this is not maximum. Any employer that has a capacity can pay as much as you want. But no Nigerian worker will offer services and be paid anything less than N70,000 from today.
“That is the implication of this act. It applies all over the nation. And we are excited that this is happening at a time like this through President Bola Tinubu; a man who cares for the Nigerian workers,” he said.
He said the entirety of the National Assembly moved quickly and passed the bill in one day out of excitement.
“We felt that this was not something we could delay. So, I think the workers are happy.
“I want to use this opportunity to call on those who are attempting to foment trouble; that you have a right to protest. It is your fundamental right. It is there in the constitution.
“But you don’t have a right to destabilise the country. The right to protest should not be turned into the right to unleash violence. It is very clear that people who are behind this are very amorphous, very faceless,” Akpabio said.
He said the current hardship experienced by Nigerians was not caused by the Tinubu administration, which was just one year old.
“It is the outcome of years of insecurity. Many people could not go to farms for almost 10 years and the president has risen to the occasion.
“Every food item that is coming in now will come in without any restrictions; bring in food because Nigerians need to eat. And then at the same time, most things are coming in with a lot of waivers.
“So, for me, I am excited that yes, indeed, the government is doing what it should. And we, the leaders in the National Assembly, are touching our various constituencies,” he said.
He appealed to the youths not to allow any group to mislead them politically noting that destruction of any property would cause Nigeria money.
He said the bill to finance the new minimum wage had gone very far, and that he expected it to be signed into law by tomorrow.
Julius Ihonvbere, who represented Tajudeen Abbas, speaker of the House of Representatives, said the signing into law of the minimum wage bill by the president showed he cared about the Nigerian people.
“So, I think this movement from N30,000 to N70,000 and reducing the negotiation from five to three years is a clear demonstration of a commitment to redirect, refocus and reposition Nigeria for greatness,” he said.
President Tinubu had, on July 18, increased the Federal Government’s offer on the national minimum wage from N62,000 to N70,000, with an assurance that it would be reviewed after three years, instead of five years.
The president said the labour leaders challenged the thinking faculty of leadership, hence the government reviewed its position and approved a new N70,000 minimum wage.