- Nigerian workers in 23 of the 36 states will start receiving the new minimum wage and above as some governors have approved the implementation for November
- While some governors will be paying the N70,000 minimum wage, others are paying higher, with Lagos and Rivers paying N85,000
- President Bola Tinubu signed the National Minimum Wage Amendment Bill into law on July 29, and the federal government subsequently addressed the issue of consequential salary adjustment
The controversies surrounding the new minimum wage are gradually coming to an end. Some governors have started announcing their new minimum wage, with many of them declaring that workers will start receiving alerts in November.
President Bola Tinubu signed the National Minimum Wage Amendment Bill into law on July 29, 2024, increasing the monthly minimum wage by 133% from N30,000 to N70,000. This significant boost aims to alleviate the economic hardship faced by millions of Nigerians, whose purchasing power has been severely eroded.
