July 24, 2024

Imo Govt Raises Minimum Wage To N40,000 To Remove Subsidies

The Imo State Government has raised the minimum salary for workers in the state to N40,000 as part of the measures implemented to mitigate the effects of the removal of fuel subsidies by the Federal Government.

Governor Hope Uzodimma made this announcement while speaking to a gathering of important stakeholders on Saturday in Owerri, the capital of Imo State. He also said that his administration would provide farmers with a N5 billion soft loan to increase their production.

The governor went on to list further actions that will lessen Imo people’s suffering across the board.

The governor declared, “I have closely observed how our people have fared since the announcement of the withdrawal of the fuel subsidy. I can assure you that my observations have caused me great concern. I can see that our people are suffering, especially the lower-paid workers.

“I understand the suffering, which is why I have developed several programs that I am doing to lessen the impact.

“The salaries and earnings of workers in the state shall be immediately reviewed in an upward direction. The minimum salary is hereby increased to N40,000 with the option of concomitant further level adjustments.

Petrol subsidies were eliminated by President Bola Tinubu on May 29, 2023, at his inauguration. As a result, the price of the essential good at the pump increased from N184 to over N500 per liter.

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