President Bola Tinubu stated on Friday that the national minimum wage has to be reviewed to reflect realities, assuring that improved living conditions for Nigerians remain a primary objective of his administration with more people-focused economic policies.
The President also urged cooperation between the national and subnational levels of government on the matter, which, in his opinion, already necessitates “soul searching.”
This is in response to the governors of the All Progressives Congress (APC), who have thrown their support behind the elimination of subsidies under the banner of the Progressive Governors Forum (PGF).
Tinubu said there is a need to look at the minimum wage while hosting members of the PGF led by its chairman, Senator Hope Uzodinma of Imo State, at the Presidential Villa in Abuja.
He stated, “We need to do some math and introspection on the minimum wage,” and continued, “We will have to look at it collectively, as well as the revenue. Strengthening our revenue’s source and use is necessary.
The President also urged the governors to make the most of their chance to stand out among the states’ millions of residents and improve people’s lives, and he pledged to work for Nigerians as a whole.
According to him, “This meeting is not strange to me, and the content of the meeting is so valuable. The camaraderie is very stimulating. This is about the Nigerian project, not Bola Tinubu.”
Furthermore, he assured that the multiple exchange rates will be streamlined, noting that governance was a continuum.
He said, “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 (APC), you have a role to play in educating our people and making sure we manage ourselves,’’ the President told the governors.