Nigerian Senate Approves 67% Increase of Minimum Wage

(Bloomberg) -- Nigeria’s senate approved a proposal to raise the monthly minimum wage by 67 percent to 30,000 naira ($83).

The decision by the parliament’s upper chamber Tuesday in the capital, Abuja, came after the House of Representatives approved a report to this effect in January. It will still need President Muhammadu Buhari’s assent before becoming law.

The presidency said in January it would ask parliament to agree to a minimum wage of 27,000 naira for employees in the private sector and of state governments, while federal government workers would get 30,000 naira.

READ: Nigeria Seeks Funding to Meet Proposed Minimum Wage Bill

To contact the reporter on this story: Solape Renner in Lagos at srenner4@bloomberg.net

To contact the editors responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net, Sophie Mongalvy, Ana Monteiro

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