By Sabiu Abdullahi
President Bola Tinubu has announced a crucial step to ease the financial strain on workers following the recent removal of the fuel subsidy.
In his Independence Day speech on Sunday, President Tinubu revealed a temporary wage increase designed to counterbalance the surge in living costs resulting from the policy change.
The President stated, “For the next six months, the average low-grade worker shall receive an additional Twenty-Five Thousand naira per month,” emphasising the government’s commitment to supporting vulnerable income groups during this transition.
As the nation adjusts to these economic shifts, the temporary wage boost is expected to provide immediate relief, enabling workers to manage their finances more effectively amidst the changing economic landscape.
Ongoing dialogues between the government, labour representatives, and business leaders will continue to shape future policies, ensuring a balanced and sustainable approach to economic reforms.