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.

For publication of Press Releases, Statements, and Advert Inquiries, send an email to [email protected]
Share

Leave a comment

Leave a Reply

Your email address will not be published.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

Related Articles
Ohanaeze Urges Southeast Governors to Act Now or Face Call for State of Emergency from President Tinubu | Daily Report Nigeria
News

Ohanaeze Urges Southeast Governors to Act Now or Face Call for State of Emergency from President Tinubu

Ohanaeze Ndigbo has issued a 30-day ultimatum to Southeast governors to address...

Tinubu Appoints Nuhu Ribadu as National Security Adviser
News

NSA Ribadu Warns Nigerians Against Paying Ransom to Kidnappers, Cites Counterproductive Consequences

The National Security Adviser, Mallam Nuhu Ribadu, has warned Nigerians against paying...

NCC Approves MTN and NTEL Spectrum Lease Deal
News

NCC Proposes 12-Month Grace for Unused Airtime on Deactivated Lines

The Nigerian Communications Commission has proposed a 12-month grace period for subscribers...

PAP Distributes Computing Devices to Final Year, PG Scholarship Students | Daily Report Nigeria
News

PAP Distributes Computing Devices to Final Year, PG Scholarship Students

The Presidential Amnesty Programme (PAP) has fulfiled its promise of empowering students...