According to President Bola Tinubu’s pledge, the minimum wage will be reviewed in accordance with the nation’s present economic conditions.
He asserts that the federal and state governments should jointly examine the minimum wage as well as the country’s revenue source and use.
The Progressive Governors Forum members, who backed the president’s decision to end the subsidy, were present when he made this announcement on Friday.
Speaking when he received members of the Imo’s Hope Uzodimma-led forum, Tinubu said, “We need to do some arithmetic and soul searching on the minimum wage,’’ adding, “We will have to take a look at that together, and the revenue. We must strengthen the source and application of our revenue.’’
The president told the governors, “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, you have a role to play in educating our people and making sure we manage ourselves.”
He also assured that the multiple exchange rates currently prevalent in the country would be streamlined saying “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.
