Signed by President Tinubu on 29 July 2024 after a 21-day NLC/TUC general strike. Raises the federal minimum wage from ₦30,000 (2019) to ₦70,000 per month — a 133% nominal increase. The negotiation was the longest tripartite negotiation since 2011; labour's opening demand was ₦615,000 and government's opening offer was ₦60,000. At the time of passage, the real value of the new floor had already been eroded by 60%+ inflation since the May 2023 subsidy removal.
Labour2024Fourth Republic (Tinubu)· Act No. 9, 2024
National Minimum Wage (Amendment) Act, 2024
Raised the federal minimum wage to ₦70,000 per month following tripartite negotiations.
Standard citation
National Minimum Wage (Amendment) Act, 2024 (Act No. 9, 2024), Federal Republic of Nigeria.
The political & economic reality at enactment
The political and economic reality
Nigeria in 2024: who was in charge, the cabinet of the day, the GDP, and the crises that defined the period of this Act's commencement.
President · Fourth Republic
Sen. Bola Ahmed Tinubu
2023–present· APC
National reality
Fuel subsidy removed at inauguration (29 May 2023); naira floated June 2023. Inflation at multi-decade highs (>30% YoY in 2024). Student loan scheme (NELFUND) launched 2024. WAEC torchlight exam controversy (2025).
Crises of the period
- Cost-of-living crisis 2023–25
- WAEC torchlight examinations (2025)
- JAMB CBT technical failures (2025)
- Naira free-fall 2023–24
GDP (World Bank)
≈ $363 bn (2023, post-float)
Cabinet (selected portfolios)
- Finance
Wale Edun (Coordinating Minister of the Economy)
- Justice (AGF)
Lateef Fagbemi (SAN)
- Education
Tahir Mamman (2023–24); Tunji Alausa (2024– )
Sources · Federal Gazette 2023– · CBN · NBS
Methodology
Tier 1 · primary
Courts. Gazettes. National archives.
Tier 2 · corroborating
OCCRP. HRW. BudgIT. TheCable.
Tier 4 · tertiary, flagged
Wikipedia only where primary is pending. Always labelled.