Nigerian govt introduces provisional wage increment


President Bola Tinubu announced a provisional wage increment for workers in Nigeria during his address on the 63rd Independence Anniversary of the country in Abuja. As part of efforts to cushion the impact of the fuel subsidy removal, President Tinubu stated that low-grade workers would receive an additional N25,000 per month for the next six months.

He emphasized that the government is committed to alleviating the hardships faced by Nigerians and outlined various measures taken to mitigate these challenges, including public sector reforms, fiscal and monetary policies to combat inflation, support for the poor and vulnerable, and infrastructure development. President Tinubu also mentioned the deployment of cheaper and safer Compressed Natural Gas (CNG) buses across the country to reduce transportation costs and create new opportunities for transport operators and entrepreneurs.

President Tinubu highlighted the importance of enduring the current economic reforms to achieve a better future for Nigeria and called on all Nigerians to rally around the administration’s initiatives. He emphasized that unity, courage, compassion, and commitment are essential in achieving the nation’s goals and building a prosperous and harmonious Nigeria.

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