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The President of Nigeria, Asiwaju Bola Tinubu has said that his government will implement a new national minimum wage this year to alleviate their plights.

President Tinubu, in a nationwide broadcast on New Year Day, told Nigerian workers that his administration would work diligently to make sure every Nigerian feels the impact of their government.

He stated that the economic aspirations and the material well-being of the poor, the most vulnerable and the working people shall not be neglected.

“It is in this spirit that we are going to implement a new national living wage for our industrious workers this New Year. It is not only good economics to do this, but it is also a morally and politically correct thing to do,” he said.

President Tinubu noted that in this New Year, his government would race against time to ensure all the fiscal and tax policies reforms it needed to put in place were codified and simplified to ensure the business environment did not destroy value.

The President said on every foreign trip he had embarked on, his message to investors and other business people had been the same, that Nigeria is ready and open for business.

He vowed to fight every obstacle that impedes business competitiveness in Nigeria and that he would not hesitate to remove any clog hindering the path to making Nigeria a destination of choice for local and foreign investments.

President Tinubu explained that in his 2024 Budget presentation to the National Assembly, his administration’s eight priority areas included national defence and internal security, job creation, macro-economic stability, investment environment optimization, human capital development, poverty reduction and social security.

“Because we take our development agenda very seriously, our 2024 budget reflects the premium we placed on achieving our governance objectives,” Tinubu said.

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