National Assembly Approves New Minimum Wage of N70,000

25 Jul, 2024

The National Assembly has approved a significant increase in Nigeria’s minimum wage from N30,000 to N70,000. This decision also reduces the wage review period from five to three years. The move, advocated by President Bola Tinubu, gained backing from labour leaders like the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC). The new wage bill is now awaiting the President's signature.

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Tinubu Administration Attracts Over $20 Billion in Foreign Investments for Nigeria's Economic Growth

24 May, 2024

Vice President Kashim Shettima announced over $20 billion in foreign investments secured by the Tinubu administration to boost Nigeria's economy. Key figures include $14 billion from India, $250 million from the Netherlands, $500 million for lithium in Nasarawa, and $500 million from Germany for renewable energy. Efforts focus on leveraging the African Continental Free Trade Agreement and adding value to natural resources.

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