President Bola Ahmed Tinubu has said that for the next six months, an average low-grade worker shall receive an additional N25,000 per month.
The president said this in his nationwide broadcast as part of the programme of events marking Nigeria’s 63rd Independence anniversary celebration.

“Based on our talks with labour, 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 N25,000 per month,” he announced, while outlining measures being taken to relieve the stress on families and households after the removal of fuel subsidy and unification of exchange rates.

President Tinubu said his government was doing all it could to ease the load, stating, “We have embarked on several public sector reforms to stabilise 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.”
reach the good side of our future.”

On his pledge of a thorough housecleaning of the den of malfeasance the Central Bank of Nigeria (CBN) had become, President Tinubu said, “That housecleaning is well underway. A new leadership for the Central Bank has been constituted.”

He added that his special investigator would soon present his findings on past lapses and how to prevent similar reoccurrences, stressing, “Henceforth, monetary policy shall be for the benefit of all and not the exclusive province of the powerful and wealthy.”

The president, who said his administration shall always accord the highest priority to the safety of the people, stated that inter-service collaboration and intelligence sharing had been enhanced.

He said service chiefs had been tasked with the vital responsibility of rebuilding the capacities of our security services.