NATIONAL MINIMUM WAGE (AMENDMENT) ACT, 2024

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NATIONAL MINIMUM WAGE (AMENDMENT) ACT, 2024

LAWS OF THE FEDERATION OF NIGERIA

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EXPLANATORY MEMORANDUM

This Act amends the National Minimum Wage Act of 2019 to increase the national minimum wage and reduce the time for periodic review of the national minimum wage from five years to three years.

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ARRANGEMENT OF SECTIONS

1.       Amendment of the National Minimum Wage Act, 2019

2.       Insertion of new Section 3(1) and 3(4)

3.       Citation

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NATIONAL MINIMUM WAGE (AMENDMENT) ACT, 2024

An Act to amend the National Minimum Wage Act of 2019 to increase the national minimum wage and reduce the time for periodic review of the national minimum wage from five years to three years and for related matters.

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Commencement              [Monday, July 29, 2024]

ENACTED by the National Assembly of the Federal Republic of Nigeria –

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