During a meeting with the Progressive Governors Forum, President Bola Tinubu emphasized the need for the Federal Government and state governors to engage in careful analysis and self-reflection regarding the minimum wage.
Tinubu expressed his commitment to reassessing the minimum wage to ensure it aligns with the present economic conditions of the nation.
He urged both levels of government to collectively examine the minimum wage and enhance the generation and allocation of the country’s revenue.
Tinubu said, “We need to do some arithmetic and soul searching on the minimum wage,’’ adding, “We will have to take a look at that together, and the revenue. We must strengthen the source and application of our revenue.’’
He told the governors, “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.”
He further promised that the multiple exchange rates currently prevalent in the country would be streamlined.
Tinubu said, “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.”
Governor Hope Uzodimma of Imo State, who spoke on behalf of the PGF, promised to support the President, noting that the decisions already taken by Tinubu foretell good intentions for the economy.
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