diff --git a/Makefile b/Makefile
index 4f4246bc7..82c847e65 100644
--- a/Makefile
+++ b/Makefile
@@ -43,14 +43,14 @@ DUMB_ARCH = ${ARCH}
 
 ALL_ARCH = amd64 arm arm64 ppc64le s390x
 
-QEMUVERSION=v2.9.1
+QEMUVERSION=v2.9.1-1
 
 IMGNAME = nginx-ingress-controller
 IMAGE = $(REGISTRY)/$(IMGNAME)
 MULTI_ARCH_IMG = $(IMAGE)-$(ARCH)
 
 # Set default base image dynamically for each arch
-BASEIMAGE?=quay.io/kubernetes-ingress-controller/nginx-$(ARCH):0.30
+BASEIMAGE?=quay.io/kubernetes-ingress-controller/nginx-$(ARCH):0.31
 
 ifeq ($(ARCH),arm)
 	QEMUARCH=arm