Nigerian President Bola Tinubu on Sunday announced an interim wage rise for low income workers and mass buses running on gas to ease the impact of a petrol subsidy removal, just two days before labour unions embark on an indefinite strike.
Bola Tinubu, President of Nigeria, arrives for the closing session of the New Global Financial Pact Summit, Friday, June 23, 2023 in Paris, France.
In a national broadcast marking 63 years of independence, Tinubu defended the reforms as necessary to put Africa's biggest economy on the path to recovery. "I am attuned to the hardships that have come. I wish today's difficulties did not exist. But we must endure if we are to reach the good side of our future," said Tinubu.
He said following talks with labour, business and other stakeholders, federal government workers would get an additional 25,000 naira a month for the next six months, a smaller raise he said was necessary to avoid pushing upBut labour unions want Tinubu to reinstate the fuel subsidy and had previously demanded a minimum wage of 200,000 naira.because the national grid generates an average 4,500 megawatts, leaving most of the 200 million citizens without electricity.
Tinubu said his government was improving tax collection, increasing investment in small businesses to boost employment while aThe Senate last week confirmed Tinubu's newReporting by Felix Onuah; Editing by MacDonald Dzirutwe and Daniel Wallis
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