FG has cancelled proposed N8000 cash palliative; to increase minimum wage, distribute key commodities instead
Instead, the administration is set to increase the country’s minimum wage, a longstanding demand of Nigeria’s Labour Union. The increment is expected to jack up the earnings of millions of Nigerians and provide succour amid the palpable rise in the cost of living.
In a significant shift in its social welfare strategy, the Federal Government (FG) has decided to cancel the proposed N8000 cash palliative and opt for an alternative approach to address the pressing needs of its citizens.
In an exclusive announcement today, the government revealed its plan to increase the minimum wage. Sources indicate that the decision was triggered by the recent removal of subsidies.
Additionally, the FG will also distribute key commodities targeted at the poor to offer relief and ensure their survival as the country confronts the expected shocks widely predicted to follow the termination of the subsidy regime which burdened the country’s finances and starved other important sectors such as health, education and infrastructure of required funds to grow and develop.
The decision comes after careful deliberation and consideration of the current economic challenges faced by many Nigerians. By increasing the minimum wage, the government aims to provide immediate relief and uplift millions of workers out of poverty, ensuring a more sustainable way of addressing financial hardships.The decision comes after careful deliberation and consideration of the current economic challenges faced by many Nigerians. By increasing the minimum wage, the government aims to provide immediate relief and uplift millions of workers out of poverty, ensuring a more sustainable way of addressing financial hardships.
More details of the FG’s new plan to provide relief to poor Nigerians will follow.
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