NASS okays N70,000 minimum wage, adjusts 2024 budget by N6.2tr

• Increased expenditure to be funded from windfall tax on banks • Senate adjourns for annual vacation, to resume Sept 19 The Senate and the House of Representatives on Tuesday speedily passed the National Minimum Wage Act 2019 (Amendment Bill) to increase the minimum wage from N30,000 to N70,000. The bill, which scaled second and third readings at both legislative chambers in the National Assembly, just minutes after it was transmitted by President Bola Tinubu, was instantly passed separately by the red and green chambers. In a unanimous vote after a clause consideration in the Committee of the Whole, the

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