Nigeria's president Bola Tinubu has sought to offset the impact of his economic reforms. Speaking in a national broadcast to mark Nigeria's 63rd independence day anniversary, Tinubu's announcement came just two days before major labour unions plan to start a strike in protest over rising costs of living. "There is no joy in seeing the people of this nation shoulder burdens that should have been shed years ago. Tinubu said after talks with labour and businesses, the federal minimum wage for the lower-grade workers would increase by 25,000 naira a month ($32) for the next six months. He said the government was also preparing to speed up the introduction of gas-powered buses for public transport, which would lower the costs of transport -- one of the main complaints for Nigerians since the fuel subsidy removal.

Source: Daily Nation October 01, 2023 08:28 UTC