The Senate on Tuesday passed the new National Minimum Wage Bill with N70,000 as the basic salary on a monthly basis.
On its part, the House of Representatives passed the bill for second reading.
The executive bill seeks to amend the minimum wage from N30,000 to N70,000 as well as reduce the review period from five years to three years.
As earlier pledged, the President Bola Ahmed Tinubu, on Tuesday, transmitted the new minimum wage bill to both chambers of the National Assembly, seeking expeditious support of the lawmakers for its passage.
The Senate President, Godswill Akpabio, announced passage of the bill during the plenary after the senators supported it.
The President Tinubu’s letter containing details of the minimum wage bill was first read by Mr Akpabio
Thereafter, the Senate Leader, Opeyemi Bamidele, moved a motion to refer the bill to the Committee of the Whole for immediate consideration of the bill clause by clause.
The motion was subsequently seconded by the Minority Leader, Abba Moro.
The senate president then directed members of the upper chamber to refer it to the Committee of the Whole for consideration.
In the House, the Majority Leader of the House, Julius Ihonvbere, led the debate on the bill.
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