The President who is presiding over a Federal Executive Council meeting had to suspend proceedings temporarily to assent to the bill.
President Bola Tinubu has been praised by Senate President Godswill Akpabio.
This comes after Tinubu on Monday signed the National Minimum Wage Bill into law, signalling the beginning of implementation of the N70,000 agreed by all stakeholders in the tripartite committee.
The President signed the bill into law at the Council Chambers of the Presidential Villa Abuja, witnessed by the leadership of the National Assembly, Senate President, Senator Godswill Akpabio, Deputy Senate President, Senator Jibrin Barau among others.
The President who is presiding over a Federal Executive Council meeting had to suspend proceedings temporarily to assent to the bill.
Shortly after, Senate President Akpabio spoke to State House Correspondents, saying Nigerian workers have cause to be happy as the government has not only doubled the wage benchmark, it also added some money to it.
He seized the opportunity to caution those planning a national protest saying while it is their fundamental right to protest, they must not resort to violence or destructive tendencies.
According to Akpabio, the challenges bedevilling the country were not the making of the current administration, adding that resorting to violence will jeopardise efforts to rebuild the nation.
Akpabio said, ” I’m ecstatic. I’m excited about the Nigerian worker and the national minimum wage amendment is for the whole nation; for the federal government, the states, the local governments, the private sector, and even for individual employers.
“So I think this is a great day for the workers in the country. We are not only doubling the minimum wage, we have added something on top. Initially, it was N30,000, now it is N70,000.
“Like I said, this is minimum, this is not maximum. Any employer that has a capacity can pay as much as you want. But no Nigerian worker will offer services and be paid anything less than 70,000 from today.
“That is the implication of this act. It applies to all over the nation. And we are excited that this is happening at a time like this through President Bola Ahmed Tinubu; a man who cares for the Nigerian workers. And you’ve seen what we are doing in the National Assembly.
“When it came the entirety of the National Assembly moved and passed the bill in one day out of excitement. We felt that this was not something we could delay. So I think the workers are happy.
“So I want to use this opportunity to call on those who are attempting to foment trouble; that you have a right to protest. It is your fundamental right. It is there in the Constitution.
“But you don’t have a right to destabilize the country. The right to protest should not be turned into the right to unleash violence. It’s very clear that people who are behind this are very amorphous, very faceless. So what it means is people are preparing to loot and go around and do all sorts of things.
“Where we are today was not caused by one year’s administration. It is the outcome of years of insecurity. Many people could not go to farms for almost 10 years and know that and the President has risen to the occasion. Every food item that is coming in now will come in without anything like a restaurant solution.
“There’s no restrictions, bring in food because Nigerians need to eat. And then at the same time, most things are coming in with a lot of waivers. So for me, I’m excited that yes indeed the government is doing what it should. And we the leaders in the National Assembly, we are touching our various constituencies.
“So my appeal to the Nigerian youth is do not allow any group to mislead you politically. People who probably do not have their fortunes in the 2023 election are thinking they can come through the back door and that will amount to anarchy. Any destruction of any property will cost Nigeria money. We don’t have the money. Instead, let’s put the money into developing you and developing your environment instead of going to rebuild.
“Kudos to the Nigerian workers. And I’m excited and I congratulate Nigeria. I congratulate the President and the National Assembly for the expeditious passage of this bill”.
Asked about the bill to finance the new wage implementation, he answered saying, “We have gone very far with it. And I expect that by Wednesday it will be signed”.
Recall that the Federal Government after weeks and months of disagreement settled for a N70,000 minimum wage which was speedily passed by the National Assembly a few days ago.
The signing ceremony comes days before a proposed protest by faceless individuals to vent their grievances over what they termed bad governance.