By Williams Amofokhai
Nigeria’s President, Bola Tinubu has vowed that his government would begin the implementation of a new national minimum wage in 2024.
The president stated this in his New Year Day broadcast to the nation to mark 2024.
Tinubu stated that the economic aspirations and the material well-being of the poor, the most vulnerable and the working people shall not be neglected.
“It is in this spirit that we are going to implement a new national living wage for our industrious workers this New Year. It is not only good economics to do this, but it is also a morally and politically correct thing to do,” he said.
Tinubu said the time might be rough rough and tough, but noted that tough times never lasted.
“Dear Compatriots, take this from me: the time may be rough and tough, however, our spirit must remain unbowed because tough times never last. We are made for this period, never to flinch, never to falter. The socio-economic challenges of today should energize and rekindle our love and faith in the promise of Nigeria.
:Our current circumstances should make us resolve to work better for the good of our beloved nation. Our situation should make us resolve that this New Year 2024, each and every one of us will commit to be better citizens,” he said.
Tinubu added that in this New Year, “we will race against time to ensure all the fiscal and tax policies reforms we need to put in place are codified and simplified to ensure the business environment does not destroy value. On every foreign trip I have embarked on, my message to investors and other business people has been the same. Nigeria is ready and open for business.
“I will fight every obstacle that impedes business competitiveness in Nigeria and I will not hesitate to remove any clog hindering our path to making Nigeria a destination of choice for local and foreign investments.”
According to him, his administration would work diligently to make sure every Nigerian feels the impact of their government.
“The economic aspirations and the material well-being of the poor, the most vulnerable and the working people shall not be neglected. It is in this spirit that we are going to implement a new national living wage for our industrious workers this New Year. It is not only good economics to do this, it is also a morally and politically correct thing to do,” he stated.
