N35k Wage, N25k Monthly for 15m Households: List of Tinubu’s palliatives after subsidy removal

President Bola Ahmed Tinubu has been able to broker a deal with the leadership of the organised labour after a crunch meeting on Sunday, October 1, at the presidential villa.

This is on the heels of the planned indefinite nationwide strike by organised labour slated for Tuesday, October 3.

According to a statement by Mallam Mohammed Idris, the Minister of Information and National Orientation, President Tinubu, represented by his Chief of Staff, Femi Gbajabiamila, reached a compromise with the leaders.

1. Wage Increment

After the meeting, the federal government announced a N25,000 provisional wage increment for all treasury-paid federal government workers for six months.

As reported by Legit.ng, the N25,000 increment would be applied to low-grade civil servants.

Meanwhile, Dada Olusegun, President Tinubu's special assistant on social media, confirmed that the N35,000 provisional wage increment is now for all treasury-paid federal government workers and will last for six months.

2. Reformed Transportation

As contained in the Federal Ministry of Information and National Orientation statement, an agreement was reached to fast-track the provision of Compressed Natural Gas (CNG) buses.

This new initiative is expected to ease public transportation difficulties associated with the removal of PMS subsidy.

The federal government said the initiative would be applied nationwide.

3. Funds for small business

For a sustainable economy and self-dependency of citizens, the federal government also agreed to bankroll micro and small-scale enterprises.

Although the fund earmarked for this initiative has yet to be announced, it is expected to be disbursed nationwide.

4. VAT waiver for diesel

The federal government announced that there would be a VAT waiver for citizens who use diesel for their automobiles and alternative power sources.

According to the announcement, the waiver would be for six months.

5. Monthly stipends for 15 million families

Similarly, the federal government reached a crucial agreement with organised labour leaders by announcing the payment of N75,000 to 15 million households.

These households would receive the sum of N25,000 each for a period of three months, starting from October to December 2023.