In a recent interview on Channels TV’s Politics Today, Ajuri Ngelale, the Special Adviser on Media and Publicity to President Bola Tinubu, revealed that workers across various sectors can anticipate a significant boost in their earnings with the impending implementation of the new minimum wage. Ngelale confidently stated that employees should expect nothing less than a doubling of their current salaries as a result of this policy change.
As discussions surrounding the removal of subsidies and the subsequent economic effects gain momentum, Ngelale shed light on the measures being taken by the Tinubu administration to mitigate the potential challenges. While refraining from preemptively detailing the intricacies of the new minimum wage structure, Ngelale emphasized the commitment of the president to ensure a substantial increase in workers’ compensation.
Ngelale highlighted that the government’s goal is not only to enhance workers’ financial well-being but also to bolster the overall economic landscape. By doubling the minimum wage, the administration aims to alleviate the financial burden faced by workers, thereby contributing to improved living standards and increased purchasing power.
During the interview, Ngelale also elaborated on recent fiscal developments that support the feasibility of this wage hike. He disclosed that, in June, 36 states had collectively received a substantial financial injection amounting to N300 billion—a sum that surpasses any previous monthly disbursement over the last two years. This influx of funds is poised to enhance the financial capabilities of state governments, which can subsequently translate into better wage structures for their employees.
Furthermore, Ngelale discussed the federal government’s multifaceted approach to addressing economic challenges, including strategies aimed at reducing the cost of essential commodities like food and energy. These efforts encompass supporting transportation companies, implementing agricultural interventions, and capitalizing on small and medium-sized enterprises (SMEs).
Lastly, Ngelale noted a collective consensus among states to endorse the new minimum wage during a recent meeting of the National Economic Council (NEC). This collective commitment underscores the determination of both federal and state governments to improve the livelihoods of workers across the nation.
As Nigeria navigates through economic shifts and policy adjustments, the proposed doubling of the minimum wage reflects the government’s dedication to fostering a more financially secure and prosperous future for its citizens.
