President Bola Tinubu has promised to review the minimum wage to match the current economic realities of the country.
During a meeting with the members of the Progressive Governors Forum, PGF Tinubu emphasized the need for the federal and state governments to work together to strengthen the source and application of the country’s revenue.
“We need to do some arithmetic and soul-searching on the minimum wage.
“We will have to take a look at that together, and the revenue. We must strengthen the source and application of our revenue.
“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, you have a role to play in educating our people and making sure we manage ourselves.”
The President also assured that the multiple exchange rates currently widespread in the country would be compacted.
“If we work together, the Nigeria of our dreams is not far away. Rest assured that we will not have multiple exchange rates anymore. You asked for this meeting, and I had to set aside time to be here.
“We have a political party that we will need to manage, whichever way, we have inherited assets and liabilities, and we cannot complain.”
Also in the meeting on Friday, the PGF declared support for the president on the removal of subsidy, adding that the decisions already taken by Tinubu revealed his good intentions for the economy.