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American President, Biden Raises Minimum Wage To $15/N6,750 Per Hour




The President of america, Joe Biden, has elevated the minimal wage of these engaged on federal contracts to $15 per hour which corresponds with N6,750 on the parallel market change charge of N450 per greenback.


Biden made the announcement on Tuesday on his Twitter deal with to inform all employees residing within the United State of the event.

In Nigeria, the minimal wage per thirty days is N30,000 which equals $66 within the face of financial hardship, due to this fact, perpetuating paucity among the many folks as meals costs and different necessities each day rise within the nation.

He stated, “I imagine nobody ought to work full time and nonetheless reside in poverty. That’s why at this time, I raised the minimal wage to $15 an hour for folks engaged on federal contracts.”

In response to The PUNCH experiences, after a collection of protracted and frictional dialogues between the employees, employers and the federal government, President Muhammadu Buhari despatched an government invoice to the Nationwide Meeting for modification of the Nationwide Minimal Wage Act, in 2019.

Buhari signed the handed invoice into legislation in April 2019, elevating the minimal wage from N18,000 to N30,000.

Additionally, a invoice looking for to permit states to independently regulate the minimal wage applicable for them is presently being debated on the Nationwide Meeting.

Presently, the Nigerian Authorities nonetheless holds the unique powers to barter and decide the nationwide minimal wage for employees throughout the three tiers of presidency in Nigeria.

The invoice seeks an modification to the 1999 Structure by eradicating issues regarding wages from the Unique Legislative Checklist to the Concurrent Legislative Checklist narrowly handed second studying as a result of division among the many lawmakers on the proposal.

When the invoice turns into legislation, respective state and native governments will have the ability to management and repair completely different wages for his or her employees.

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