Home News FG Backtracks on Subsidy Palliative, Mulls Increase in Minimum Wage
News

FG Backtracks on Subsidy Palliative, Mulls Increase in Minimum Wage

Share
Tinubunomics
Share

The Federal Government has made a U-turn on its decision to distribute a monthly cash amount of N8,000 to 12 million households.

Sources in the State House confirmed the development to newsmen on Tuesday.

The change in plans comes as the government expressed concerns over the effectiveness of cash distribution in supporting the poor amidst the increase in fuel price caused by the removal of the corrupt fuel subsidy regime.

READ ALSO: NLC Rejects Increase in Fuel Price

Instead, the government will raise the country’s minimum wage, a demand long advocated by Nigeria’s Labour Congress, NLC.

ATTENTION: Click HERE to join our WhatsApp group and receive News updates directly on your WhatsApp!

This increment was expected to significantly increase the earnings of millions of Nigerians and offer relief in the face of the rising cost of living.

The FG will distribute key commodities to the poor to provide relief and ensure their survival.

The development was in response to the termination of the fuel subsidy.

The government had announced that the fuel subsidy has negative impacts on the country’s finances and hindered the growth and development of important sectors such as health, education, and infrastructure.

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
News

Amakubukuro Exonerates Enekorogha of Abetting Crisis in Odimodi

Engr. Ebiotubo Amakubukuro, an opinion leader of Odimodi, has exonerated Franc Enekorogha,...

News

WhatsApp Shuts Out Older Phones, Targets iPhone 6, Galaxy S4 in June Crackdown

WhatsApp has stopped supporting 13 older phone models, including the iPhone 6...

News

Ijansa/Ijelejele/Ikeremo Elders Council Rejects Caretaker Committee

The Elders Council of Ijansa/Ijelejele/Ikeremo has rejected the appointment of a Caretaker...

News

‘I Derive Joy Stepping On Toes Of Big Men’ – Wike

Controversial Nigerian politician, Nyesom Wike has stomped his feet on the ground,...

5win
RocketplayRocketplay casinoCasibom GirişJojobet GirişCasibom Giriş GüncelCasibom Giriş AdresiCandySpinzDafabet AppJeetwinRedbet SverigeViggoslotsCrazyBuzzer casinoCasibomJettbetKmsauto DownloadKmspico ActivatorSweet BonanzaCrazy TimeCrazy Time AppPlinko AppSugar rush