President Bola Tinubu has announced a six-month temporary wage increase for some workers in the country.
The President announced the increase in his first Independence Anniversary speech on Sunday. The wage increase is to help cushion the effects of the fuel subsidy removal, which has led to a surge in the cost of living in the country.
“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,” Tinubu said.”
“For the next six months, the average low grade worker shall receive an additional Twenty Five Thousand naira per month.”