The President Of Nigeria, Bola Ahmed Tinubu has announced the increment of N25,000 to the salaries of low-grade workers.
President
Tinubu made the pledge in his Independence Day Broadcast to the nation on
Sunday, October 1, 2023, where he noted that the salary increase will last for
a period of six months.
The
president noted that this is part of his government’s effort to provide cushion
against the effect of fuel subsidy removal.
He
also Commented on the crisis facing Nigerians and the proposed indefinite
strike by members of the organised Labour, Tinubu said he was attuned to the
hardships that have come.
He
said he had a heart that feels and eyes that see.
“I wish
to explain to you why we must endure this trying moment.
“Those
who sought to perpetuate the fuel subsidy and broken foreign exchange policies
are people who would build their family mansion in the middle of a swamp.
“I am different. I am not a man to erect our
national home on a foundation of mud. To endure, our home must be constructed
on safe and pleasant ground,” he said.
The
president went further to state that reform may be painful, but it is what
greatness and the future require.
“We now carry the costs of reaching a future Nigeria where the abundance and fruits of the nation are fairly shared among all, not hoarded by a select and greedy few.
“A
Nigeria where hunger, poverty and hardship are pushed into the shadows of an
ever fading past,” he added.
According
to His Statement, there is no joy in seeing the people of this nation shoulder
burdens that should have been shed years ago.
He
said: “I wish today’s difficulties did not exist. But we must endure if we are
to reach the good side of our future.
“My
government is doing all that it can to ease the load. I will now outline the
path we are taking to relieve the stress on our families and households.
“We have embarked on several public sector
reforms to stabilize the economy, direct fiscal and monetary policy to fight
inflation, encourage production, ensure the security of lives and property and
lend more support to the poor and the vulnerable.
“Based
on our talks with labour, business and other stakeholders, we are introducing
a provisional wage increment to enhance the federal minimum wage without
causing undue inflation.
“For
the next six months, the average low-grade worker shall receive an additional
Twenty-Five Thousand naira per month.
“To
ensure better grassroots development, we set up an Infrastructure Support Fund
for states to invest in critical areas.
“States have already received funds to
provide relief packages against the impact of rising food and other prices.
“Making the economy more robust by lowering transport costs will be key..
“In
this regard, we have opened a new chapter in public transportation through the
deployment of cheaper, safer Compressed Natural Gas (CNG) buses across the
nation.
“These
buses will operate at a fraction of current fuel prices, positively affecting
transport fares.
“New CNG conversions kits will start coming in
very soon as all hands are on deck to fast track the usually lengthy
procurement process.
“We
are also setting up training facilities and workshops across the nation to
train and provide new opportunities for transport operators and entrepreneurs.
“This
is a groundbreaking moment where, as a nation, we embrace more efficient means
to power our economy. In making this change, we also make history.”
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