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Your email address will not be published.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
Nigerian Man Jailed in U.S. for $6M Inheritance Scam Targeting Over 400 Americans | Daily Report Nigeria
News

Nigerian Man Jailed in U.S. for $6M Inheritance Scam Targeting Over 400 Americans

A United States federal court has sentenced Nigerian citizen Okezie Bonaventure Ogbata...

Boko Haram Kills 40 in Borno Attacks, COAS Vows Tough Offensive | Daily Report Nigeria
News

Boko Haram Kills 40 in Borno Attacks, COAS Vows Tough Offensive

Suspected Boko Haram terrorists killed over 40 people in multiple attacks across...

Nigeria Declares May 1 Public Holiday to Commemorate Workers' Day | Daily Report Nigeria
News

Nigeria Declares May 1 Public Holiday to Commemorate Workers’ Day

The Federal Government has declared Thursday, May 1, 2025, as a public...

EFCC Nabs Socialite E-Money Over Naira Abuse and Foreign Currency Defacement | Daily Report Nigeria
News

EFCC Nabs Socialite E-Money Over Naira Abuse and Foreign Currency Defacement

The Economic and Financial Crimes Commission (EFCC) has arrested Lagos socialite Emeka...