- President Tinubu announces plans for a new national living wage in 2024, emphasizing economic, moral, and political justification
- Tinubu outlines priorities for stable electricity, food supply, and petroleum production, highlighting ongoing projects and initiatives for economic transformation
President Bola Tinubu has declared that the Federal Government is set to introduce a new national living wage for diligent workers in 2024. Emphasizing the decision as economically prudent and morally and politically justified, Tinubu aims to prioritize the economic aspirations and well-being of the underprivileged and working-class citizens.
In a New Year message delivered in Lagos, Tinubu pledged a commitment to ensure every Nigerian feels the positive impact of their government. He stated, “It is not only good economics to do this; it is also a morally and politically correct thing to do.”
Highlighting the groundwork laid for economic recovery in the last seven months of 2023, Tinubu expressed readiness to accelerate service delivery across various sectors. Stable electricity supply remains a top priority, recognizing its crucial role in achieving sustainable development.
Tinubu affirmed the government’s dedication to boosting food supply and petroleum production in 2024, citing initiatives implemented in the previous seven months. He emphasized a commitment to fast-tracking the Siemens Energy power project, aiming to provide reliable electricity to homes and businesses through the Presidential Power Initiative.
Addressing the need for a steady electricity supply, Tinubu revealed ongoing projects to strengthen transmission lines and enhance the integrity of the National grid. In the quest for economic transformation, he outlined plans for local refining of petroleum products, with a focus on the Port Harcourt Refinery and the imminent completion of the Dangote Refinery.
As the nation looks forward to 2024, President Tinubu’s agenda reflects a comprehensive approach to addressing economic challenges, prioritizing infrastructure development, and improving the overall well-being of Nigerian citizens.
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