President Bola Tinubu emphasizes the need to align Nigeria’s N30,000 minimum wage with current global conditions, aiming to improve the livelihood of Nigerians through people-focused economic policies.
During a meeting with the Progressive Governors Forum, he acknowledges the need to review the national minimum wage to reflect the prevailing realities accurately.
The President highlights the importance of collaboration between the national and sub-national governments in addressing this issue, recognizing the need for thorough consideration and assessment.
He said: “We need to do some arithmetic and soul searching on the minimum wage. We will have to take a look at that together, and the revenue. We must strengthen the source and application of our revenue.”
President Tinubu calls upon the governors to recognize the unique opportunity they have been given to positively impact the lives of the people in their respective states. He emphasizes his commitment to working diligently for the betterment of Nigerians and urges the governors to do the same.
He said: “This meeting is not strange to me, and the content of the meeting is so valuable. The camaraderie is very stimulating. This is about the Nigerian project, not Bola Tinubu”.
“I have inherited the assets and liabilities of my predecessor. This is the first time you entered the Council Chambers, and it is my first time too for a meeting.
“As progressives and thinkers under the umbrella of the All Progressives Congress (APC), you have a role to play in educating our people and making sure we manage ourselves,” the President told the governors.
“If we work together, the Nigeria of our dreams is not far away. Rest assured that we will not have multiple exchange rates anymore. You asked for this meeting, and I had to set aside time to be here.
“We have a political party that we will need to manage, whichever way, we have inherited assets and liabilities, and we cannot complain,” he stated.
“It is in our hands, and I am ready to work and listen at any time,” he added.
In his remarks, Vice President Kashim Shettima urges the governors to unite in support of the President as he addresses the economic challenges that hinder progress, such as the issues of oil subsidy and multiple exchange rates. He emphasizes the importance of collective action in overcoming these obstacles and achieving economic stability.
“Let us rally around the President and not bulge, there are vested interests that may want to resist the subsidy removal. Its removal will free resources for the development of your states,” he added.
Earlier, the Chairman of the Progressive Governors Forum (PGF), Senator Uzodinma, pledged the support of the forum to President Tinubu, expressing confidence in his leadership and praising his initial decisions that prioritize the economy and welfare of the people.
Governor Zulum of Borno State also expressed support and emphasized the interconnectedness of the national and sub-national economies. Several other governors were present at the meeting, where the PGF expressed support for the removal of the petrol subsidy but raised concerns about the sudden increase in petrol prices. Governor Uzodinma called for unity among Nigerians and urged them to understand the need to remove the subsidy for the country’s economic sustainability.
He also addressed the issue of profiteering and emphasized the importance of being compassionate towards one another during the transition period.