President Bola Tinubu said the Federal Government and the governors need to do what he described as arithmetic and soul searching on minimum wage.
Tinubu stated this while addressing a meeting with the members of the Progressive Governors Forum led by Governor Hope Uzodimma of Imo state on Friday.
The President promised to review the minimum wage, in order to align with the current economic realities of the country.
According to him, the federal and state governments need to take a look at the minimum wage together and also strengthen the source and application of the country’s revenue.
Tinubu said, “We need to do some arithmetic and soul searching on the minimum wage,’’ adding, “We will have to take a look at that together, and the revenue. We must strengthen the source and application of our revenue.’’
The president told the governors, “I have inherited the assets and liabilities of my predecessor. This is the first time you entered the Council Chambers, and it is my first time too for a meeting.
“As progressives and thinkers under the umbrella of the All Progressives Congress, you have a role to play in educating our people and making sure we manage ourselves.”
Tinubu also assured that the multiple exchange rates currently prevalent in the country would be streamlined.
He said, “If we work together, the Nigeria of our dreams is not far away. Rest assured that we will not have multiple exchange rates anymore. You asked for this meeting, and I had to set aside time to be here.
“We have a political party that we will need to manage, whichever way, we have inherited assets and liabilities, and we cannot complain.”
Speaking on behalf of the PGF, Uzodimma pledged to support the President, saying the decisions already taken by Tinubu foretell good intentions for the economy.
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