President of the United States, Joe Biden, has raised the minimum wage of those working on federal contracts to $15 per hour which is equivalent to N6,750 at the parallel market exchange rate of N450 per dollar. ), in 2019 forwarded an executive bill to the National Assembly for amendment of the National Minimum Wage Act. Buhari signed the passed bill into law in April 2019, raising the minimum wage from N18,000 to N30,000. A bill seeking to allow states to individually determine the minimum wage suitable for them is currently being debated at the National Assembly. Presently, the Federal Government maintains the exclusive powers to negotiate and determine the national minimum wage for workers across the three tiers of government in Nigeria.

Source: Punch April 27, 2021 21:47 UTC