Boma Achenimie 
The upper chamber of the 10th National Assembly on Tuesday passed into law the National Minimum Wage Amendment Act, which introduces N70,000 as the new national minimum wage.
The executive bill, which was received by the Senate from the executive arm of government, seek the amendment to the Act to enable upward review of workers’ salaries, was laid for first reading.
Reading the general principles of the bill, the Senate Leader, Bamidele Opeyemi noted that the bill, if passed, would reduce the period of review of the minimum wage from five years to three years in line with economic realities, given that the Act was last amended in 2019.
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Senators were unanimous on the need to approve the bill, which followed negotiations between the executive and organized labour.
The Senate immediately passed the bill for second reading after which senators dissolved into the committee of the whole for its passage for the third reading
