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President Muhammadu Buhari on Tuesday approved N30,000 as the new Minimum Wage.
He gave his approval while receiving the report of the Tripartite Committee on the Review of National Minimum Wage at the Presidential Villa, Abuja.
With the approval, a bill is expected to be sent to the National Assembly to effect the change from N18,000 to N30,000.
On why he approved 30,000 Buhari in a statement by His Spokesman,Garba Shehu listed reasons such as economic challenges experienced by Nigerians since 2011.
The statement read: On 27th November 2017, I inaugurated the National Minimum Wage Committee with a mandate to recommend a new minimum wage for the workers of our country.
2. This exercise became necessary for many reasons. The last review took place in 2011. We all know since then, the prices of key consumables have increased and the most vulnerable of our workers are struggling to make ends...