From Our Correspondent
President Bola Tinubu has assured Nigerian workers that his administration would implement a new national living wage for them in 2024.
The President gave the assurance in his New Year broadcast to the nation on Monday.
A new living wage, he said, will ensure that the economic aspirations. It will also prioritise the material well-being of the poor, most vulnerable and working people.
According to him, the decision is morally and politically correct thing to do, and not just make good economic sense.
“We will work diligently to make sure every Nigerian feels the impact of their government.
“We shall not neglect economic aspirations and the material well-being of the poor, the most vulnerable and the working people.
“It is in this spirit that we are going to implement a new national living wage for our industrious workers.
“It is not only good economics to do this; it is also a morally and politically correct thing to do.
“We have laid the groundwork of our economic recovery plans within the last seven months. Now, we are poised to accelerate the pace of our service delivery across sectors,” Tinubu said.
The President spoke on the efforts of his administration to stabilise the electricity supply. He said this would continue to get priority to achieve sustainable development.
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The year 2024, he said, will also witness a boost in food supply and petroleum products. This is given various initiatives we put in place in the last seven months.
“In 2024, we are moving further in our quest to restart local refining of petroleum products with Port Harcourt Refinery and the Dangote Refinery which shall fully come on stream.
“To ensure constant food supply, security and affordability, we will step up our plan to cultivate 500,000 hectares of farmlands across the country to grow maize, rice, wheat, millet and other staple crops.
“We launched the dry season farming with 120,000 hectares of land in Jigawa State last November under our National Wheat Development Programme.
“This new year, we will race against time to ensure all the fiscal and tax policy reforms 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.”
The President also pledged to fight every obstacle to business competitiveness.
“We will not hesitate to remove any clog on making Nigeria a destination of choice for local and foreign investments.”
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