3 months ago
8
The Secretary to the Government of the Federation, SGF, George Akume, has highlighted the achievements of the Tinubu administration ahead of the planned nationwide protest.
Akume spoke at a World Press Conference held in Abuja on Wednesday where he noted that Nigerians are passing through unintended economic challenges occasioned by a few of the bold policy decisions taken by this administration.
He maintained that economic prosperity for the nation remains the ultimate goal of the administration of Tinubu, adding that it is the engine that drives progress, lifts families from poverty, and builds strong, resilient societies.
He called for peace and stability, insisting it was the cornerstone upon which trust, cooperation and shared purpose are built.
“When peace reigns, policies yield results, businesses thrive, investments flourish, and creativity is unleashed, “he said.
Akume noted that the Tinubu administration at inception in May 2023 inherited an economy in need of urgent, bold and imaginative reforms.
“Policy measures including the removal of an unsustainable fuel subsidy regime had to be taken,” he said.
“This, it must be admitted, has resulted in unexpected adjustments that impact all facets of the economy and our daily lives.”
He claimed the Tinubu administration released the sum of five billion Naira to each state to cushion the impact of the removal of fuel subsidy.
”Approved a Wage Award of Thirty-five Thousand Naira for a period of six months to cushion the effect on workers. This award was higher than the minimum wage.
”Signed into law a new National Minimum Wage Act which prescribed N70,000:00. This represents a more than 100% increase from the last minimum wage (30,000) and takes retroactive effect from April, among others.
English (US) ·