Salary Review
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Nigerian President in nationwide address promised workers that a salary review is underway as organised labour insists on strike
President Bola Tinubu of Nigeria told workers that a salary review was under way, in a nationwide address Monday evening, marking his 63rd day in office.
His speech comes ahead of the National Labour Congress (NLC) decision to embark on a seven day national shutdown beginning Wednesday, following the removal of fuel subsidy and devaluation of the Naira by the current administration.
“We are working in collaboration with the Labour unions to introduce a new national minimum wage for workers. I want to tell our workers this: your salary review is coming.” he said in an effort to stave of the planned nationwide strike slated for Wednesday.
“Once we agree on the new minimum wage and general upward review, we will make budget provision for it for immediate implementation.” the president added.
He went on to thank the private sector for already reviewing and implementing new salaries in light of the rising cost of living.
“I want to use this opportunity to salute many private employers in the Organised Private Sector who have already implemented general salary review for employees.” Tinubu said.
The Nigerian president also posited a conspiracy theory that the fuel subsidy was removed to thwart the machinations of an elite few.
“The subsidy cost us trillions of Naira yearly. Such a vast sum of money would have been better spent on public transportation, healthcare, schools, housing and even national security. Instead, it was being funnelled into the deep pockets and lavish bank accounts of a select group of individuals.” Tinubu stated.
“This group had amassed so much wealth and power that they became a serious threat to the fairness of our economy and the integrity of our democratic governance.” The Nigerian president told citizens about the shadowy group which he did not name.
To break the chokehold on the economy, Tinubu said he had to introduce tough policies and pleaded that the citizens understand that it was in the country’s overall interest.
“Ending the subsidy and the preferential exchange rate system were key to this fight. This fight is to define the fate and future of our nation. Much is in the balance. Thus, the defects in our economy immensely profited a tiny elite, the elite of the elite you might call them. As we moved to fight the flaws in the economy, the people who grow rich from them, predictably, will fight back through every means necessary.” he stressed.
Meanwhile organised labour has continued with its national shutdown campaign tagged #letthepoorbreathe
Akowe with reports from Abuja
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