The Senate has passed the new national minimum wage bill into law, following the request by President Bola Tinubu.
This followed the presentation and adoption of a report on the bill by the leader of the Senate, Sen. Opeyemi Bamidele (APC-Ekiti).
The lawmakers in the upper legislative chambers passed the bill on Tuesday, 23rd July and will now wait for concurrence from the House of Representatives following a letter asking for such from President Bola Tinubu.
The bill passed through the first, second and third readings sequentially in plenary on Tuesday. 
The bill, when active, would pave the way for the payment of the new minimum wage of ₦70,000 to Nigerian workers.
The newly passed bill also has a new provision for its review after 3 years, unlike the former provision with a 5-year review period.
Presidency Confirms When Minimum Wage Will Take Effect, Says Workers Will Get Arrears
The presidency has confirmed that the new national minimum wage is expected to take effect from April 2024.
The Special Assistant to President Bola Tinubu on Social Media, Dada Olusegun, who confirmed this in a post via X on Tuesday, added that workers will be paid arrears of their increase from this period.
Olusegun gave the update while confirming that President Bola Tinubu has written to the National Assembly, seeking their approval for the new National Minimum Wage bill.
“President Bola Tinubu has written to the House of Representatives, sending the National Minimum Wage Bill to them for consideration.
“When signed into law, the new minimum wage is expected to take effect from April 2024, meaning workers will be paid arrears of their increase from this period,” he wrote.
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