President Bola Tinubu has hinted at a review of the national minimum wage.
Tinubu said the national minimum wage needs a review to reflect current realities.
He spoke while receiving members of the Progressive Governors Forum (PGF), led by its chairman, Hope Uzodinma, at the Presidential Villa, Abuja, on Friday.
The president said improving the livelihood of Nigerians remains a top priority of his administration.
According to Tinubu: “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.’’
This comes after he declared an end to the fuel subsidy regime in the country.
In other news, The Nigeria Labour Congress, NLC, says it received with great shock and consternation the news of the increase in the pump price of Premium Motor Spirit known as ‘petrol’ from N121 to N143.
The increase, according to reports, is consequent upon a “monthly review meeting” by the Petroleum Products Price Regulatory Agency, PPPRA.
Referring to a statement released by the Executive Secretary of the PPPRA, Saidu Abdulkadir, purportedly on June 28, 2020, NLC said the PPPRA contradicted itself when it said that the latest price increase described as an “advisory” was meant to regulate a product that government claims had been deregulated.
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