Nigeria's President Tinubu increases wages as national strike looms - BBC News
As workers prepare to begin an ongoing walkout,
Nigeria's President Bola Tinubu announced a six-month raise in the minimum
wage. The president's $32 boost only raises the minimum wage to $70 per month;
unions aim for a raise of $255 per month to help workers cope with the steep
increase in living expenses, since Mr. Tinubu took office in May.
In order to combat the recent tripling of fuel prices,
he also promised to hasten the implementation of affordable gas-powered buses. This was brought on by Mr. Tinubu eliminating a fuel
subsidy that had kept the cost of gasoline low in Africa's biggest economy for
decades. The nation also let up its currency peg in June, which allowed it to
trade freely and caused one of the greatest drops in the naira's history. The
two major labor organizations, the Trade Union Congress (TUC) and the Nigeria
Labour Congress (NLC), announced that they would start the anticipated
indefinite strike on Tuesday. The union officials claimed that the administration
had not done anything to alleviate the pain brought on by the loss of the fuel
subsidy.
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