This move, he stated, was designed to bolster the federal minimum wage without triggering inflationary pressures.
President Tinubu emphasized his administration’s commitment to easing families’ and households’ financial burdens.
“My government is doing all it can to ease the load. I will now outline the path we are taking to relieve the stress on our families and households,” President Tinubu said.
“We have embarked on several public sector reforms to stabilize the economy, direct fiscal and monetary policy to fight inflation, encourage production, ensure the security of lives and property, and lend more support to the poor and the vulnerable.
“Based on our talks with labor, business, and other stakeholders, we are introducing a provisional wage increment to enhance the federal minimum wage without causing undue inflation.
“For the next six months, the average low-grade worker shall receive an additional twenty-five thousand naira per month.”
President Tinubu also outlined his government’s initiatives to support economic growth, including investment funding for promising enterprises and increased support for micro, small, and medium-sized businesses.
“My government is doing all that it can to ease the load,” President Tinubu affirmed.
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