As part of working towards improving the welfare of Nigerian workers, President Bola Tinubu has signed the new Minimum Wage Bill into law.
The long-awaited legislation has two key conditions targeted at ensuring fairness and inclusivity.
The act, firstly, stipulates that the minimum wage will be reviewed every three years to ensure it keeps pace with inflation and the rising cost of living. This provision acknowledges that the minimum wage is not a static figure and requires periodic adjustments to maintain its purchasing power.
Secondly, the Act expands the scope of the minimum wage to include domestic workers, who have previously been excluded from such protections. This move recognizes the vital contributions of domestic workers to the economy and ensures they receive fair compensation for their labor.
By signing this Act into law, President Tinubu demonstrates his commitment to improving the lives of Nigerian workers and promoting economic growth. The new minimum wage will provide a safety net for millions of workers, helping to reduce poverty and income inequality.
The inclusion of domestic workers in the minimum wage legislation is particularly noteworthy, as it addresses a long-standing gap in labor protections. This move will help to formalize the domestic work sector, providing benefits and security to workers who have often been exploited.
Overall, the signing of the new Minimum Wage Act is a significant achievement for the Tinubu administration, and its impact will be felt across the country. As the government moves forward with implementing this legislation, it is essential to ensure effective enforcement and monitoring to guarantee that workers receive their rightful benefits.
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the new minimum wage revealed
As part of working towards improving the welfare of Nigerian workers, President Bola Tinubu has signed the new Minimum Wage Bill into law.
The long-awaited legislation has two key conditions targeted at ensuring fairness and inclusivity.
The act, firstly, stipulates that the minimum wage will be reviewed every three years to ensure it keeps pace with inflation and the rising cost of living. This provision acknowledges that the minimum wage is not a static figure and requires periodic adjustments to maintain its purchasing power.
Secondly, the Act expands the scope of the minimum wage to include domestic workers, who have previously been excluded from such protections. This move recognizes the vital contributions of domestic workers to the economy and ensures they receive fair compensation for their labor.
By signing this Act into law, President Tinubu demonstrates his commitment to improving the lives of Nigerian workers and promoting economic growth. The new minimum wage will provide a safety net for millions of workers, helping to reduce poverty and income inequality.
The inclusion of domestic workers in the minimum wage legislation is particularly noteworthy, as it addresses a long-standing gap in labor protections. This move will help to formalize the domestic work sector, providing benefits and security to workers who have often been exploited.
Overall, the signing of the new Minimum Wage Act is a significant achievement for the Tinubu administration, and its impact will be felt across the country. As the government moves forward with implementing this legislation, it is essential to ensure effective enforcement and monitoring to guarantee that workers receive their rightful benefits. -Punch.
