Nigerian Government to increase New Minimum Wage by 100 percent, address food and energy inflation: Official

*Ajuri Ngelale, Special Adviser on Media and Publicity to President Bola Ahmed Tinubu, GCFR, provides insights into the forthcoming changes in Nigeria’s Minimum Wage landscape, noting the current administration is actively working to implement a new Minimum Wage policy that will potentially double the current salaries of workers

Isola Moses | ConsumerConnect

The Federal Government of Nigeria is planning to increase workers’ salaries by 100 percent.

ConsumerConnect reports

Ajuri Ngelale, Special Adviser (SA) on Media and Publicity to President Bola Ahmed Tinubu, GCFR, stated this in a recent interview on Channels TV.

The Presidential Spokesman offered insights into the expected changes in the country’s Minimum Wage landscape.

Federal Secretariat, Abuja, FCT

Ngelale revealed that President Tinubu’s administration is actively working to implement a new minimum wage policy that will potentially double the current salaries of workers.

The Special Adviser also acknowledged the current economic challenges faced by the Nigerian populace, particularly with the removal of subsidies and it’s far-reaching socio-economic effects on millions of consumers.

He further noted that Tinubu’s government is committed to alleviating these challenges through various measures, one of which is the revision of the minimum wage.

In regard to burning issue of Minimum Wage, Ngelale, however, refrained from pre-empting the work of the minimum wage committee.

Yet, the Spokesman declared:  “The President will want nothing less than a doubling of the current Minimum Wage.”

It is noted the love is an indication of a substantial increase in income for workers if the proposed policy is successfully implemented.

The Presidential Spokesperson also shed light on the financial landscape of the states, revealing that the administration has been proactive in providing support.

Ngelale said since the President Tinubu’s tenure began, State governors across the Nigerian Federation had received a substantial sum of N300 billion.

According to him, the financial support aimed to boost the states’ capacity to manage various economic challenges in their constituent units.

Measures to tackle food and energy inflation

Ngelale as well shared the current administration’s multifaceted approach to tackle the rising costs of food and energy in Nigeria.

The Federal Government is actively engaging in initiatives to bring down the expenses incurred by citizens in these essential areas.

He stated support was also to transport companies, agricultural interventions, and capitalisation of small and medium-sized enterprises (SMEs).

These efforts are expected to contribute to reducing the financial burden on Nigerians, according to the Presidential aide.

It is recalled that during the last National Economic Council (NEC) meeting, the states reached a consensus to back the New Minimum Wage.

This collective agreement underscores the unity among the states to uplift the standard of living for workers, report said.

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