President Bola Ahmed Tinubu has assured Nigerian workers of salary review as well as collaborating with the Labour unions to introduce a new national minimum wage.
President Tinubu stated this during his National broadcast to the country on Monday evening.
The President said once the new minimum wage and general upward review are agreed on, budget provisions will be made for its immediate implementation.
Tinubu saluted private employers in the Organised Private Sector who have already implemented general salary reviews for employees.
“Fellow Nigerians, this period may be hard on us and there is no doubt about it that it is tough on us. But I urge you all to look beyond the present temporary pains and aim at the larger picture. All of our good and helpful plans are in the works. More importantly, I know that they will work.
“Sadly, there was an unavoidable lag between subsidy removal and these plans coming fully online. However, we are swiftly closing the time gap. I plead with you to please have faith in our ability to deliver and in our concern for your well-being.”
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He reassured Nigerians of getting out of the turbulence, saying Nigeria will be better equipped and able to take advantage of the future that awaits her due to the measures already taken.
“In a little over two months, we have saved over a trillion Naira that would have been squandered on the unproductive fuel subsidy which only benefitted smugglers and fraudsters. That money will now be used more directly and more beneficially for you and your families.
“For example, we shall fulfill our promise to make education more affordable to all and provide loans to higher education students who may need them. No Nigerian student will have to abandon his or her education because of lack of money.
“Our commitment is to promote the greatest good for the greatest number of our people. On this principle, we shall never falter.”
According to him, there is going to be monitoring of the exchange rate and inflation on gasoline prices when necessary for prompt intervention.
“I assure you, my fellow countrymen and women, that we are exiting the darkness to enter a new and glorious dawn,” Tinubu added.
“Now, I must get back to work to make this vision come true.”
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