- According to senior White House officials, President Joe Biden will issue an executive order raising salaries for hundreds of thousands of federal contract employees to $15 per hour.
- By March of next year, the new minimum wage of $10.95 will have increased by almost 37%, and any rises will be tied to inflation.
Biden made the announcement on his Twitter account on Tuesday, informing all staff in the United States of the progress.
â€œI believe no one should work full time and still live in poverty. Thatâ€™s why today, I raised the minimum wage to $15 an hour for people working on federal contracts.â€
In April 2019, Buhari signed the bill into law, raising the minimum wage from N18,000 to N30,000.
In addition, the National Assembly is currently debating a bill that
would empower states to independently set the minimum wage that is
acceptable for them.
Currently, the Nigerian government retains exclusive authority over the negotiation and determination of the national minimum wage for jobs across all three levels of government.
When the bill is signed into law, state and local governments will have the ability to regulate and set different salaries for their employees.