Minister of information and national orientation Alhaji Mohammed Idris Malagi has said President Bola Ahmed Tinubu is taking steps to address the sufferings of Nigerians occasioned by the removal of fuel subsidy removal.
The minister stated this Friday while addressing journalists on Friday in Abuja.
According to him, “Tinubu administration is taking all the necessary steps to alleviate these pains, and cushion the impact of the foundational reforms we are embarking on.”
” I will now go on to outline some of the efforts so far, in the short and medium-term, to make life better for all Nigerians, even as we await the longer-term benefits of our reforms.
“A provisional wage increment of N35,000 monthly for six months, to enhance federal minimum wage, without causing undue inflation.
“Establishment of an Infrastructure Support Fund for States to invest in critical areas that will create an enabling environment for businesses.
“Launch of a 100 Billion Naira CNG bus rollout programme, to deliver CNG-powered buses, and establishment of a Presidential Committee to drive implementation.
“Since he assumed office, the President has signed no fewer than five Executive Orders, aimed at improving Nigeria’s business and fiscal environment, and increasing foreign exchange supply.
“Establishment of a Presidential Fiscal Policy and Tax Reform Committee to reform the tax system while also reducing tax burden on Nigerians. The Committee has this week presented its first set of reform proposals to the President, and Nigerians can rest assured that they will be implemented. I must emphasize that one of the primary mandates of the Committee is to reduce the tax burdens and complications faced by Nigerians.
“We are finalizing the process for payment of a Cash Transfer of N25,000 monthly to 15 million of the poorest and most vulnerable households in Nigeria, for three months.”
