Buhari Signs N30,000 Minimum Wage Bill Into Law President Muhammadu Buhari assents to the minimum wage President Muhammadu Buhari assents to the Minimum Wage Repeal and Re-Enactment Act, 2019 at the Aso Villa in Abuja on April 18, 2019. President Muhammadu Buhari has signed into law, the Minimum Wage Repeal and Re-Enactment Act, 2019. The Senior Special Assistant to the President on National Assembly Matters (Senate), Senator Ita Enang, disclosed this to State House correspondents on Thursday in Abuja, the nation’s capital. According to him, the President expects that Nigerian workers and the Nigeria Labour Congress (NLC) will show more commitment to work. Senator Enang said President Buhari also asked them to understand the current economic situation facing the nation, as the Federal Government tries to boost road, power and rail infrastructure. President Muhammadu Buhari assents to the Minimum Wage Repeal and Re-Enactment Act, 2019 at the Aso Villa in Abuja on Apri...

President Muhammadu Buhari on Monday received the report of the Technical Advisory Committee on the implementation of the new National Minimum Wage, at the Presidential Villa, Abuja. Buhari had on January 9 inaugurated the advisory committee chaired by an economist and financial expert, Mr Bismarck Rewane, where he reiterated his commitment to an upward review of the minimum wage, NAN reports. The President had on Dec. 19, 2018, while presenting the 2019 Appropriation Bill at the joint session of the National Assembly, announced his intention to constitute the committee. He said the committee would recommend “modalities for the implementation of the new minimum wage in such a manner as to minimise its inflationary impact as well as ensure that its introduction does not lead to job losses”. NAN reports that the two chambers of the National Assembly have already deliberated and approved the bill on N30,000 as the new national minimum wage.

Jim Yong Kim Steps Down As President Of World Bank By leadership.ng World Bank President, Jim Yong Kim has made the surprise announcement that he is stepping down after six years in the post. His resignation will take effect from 1 February. Mr Kim, 59, was not due to leave until 2022, after he was re-elected for a second five-year term in 2017. He will “join a firm and focus on increasing infrastructure investments in developing countries”, the World Bank said. In a statement, Mr Kim said: “It has been a great honour to serve as President of this remarkable institution, full of passionate individuals dedicated to the mission of ending extreme poverty in our lifetime”. No reason was given for his unexpected resignation. Kristalina Georgieva, the World Bank’s chief executive officer, will assume the role of interim president. Analysis: Andrew Walker, economics correspondent So he hasn’t actually gone yet, but we can still start thinking about who will take over. I am n...