“We have inherited assets and liabilities”- Tinubu

“We have inherited assets and liabilities”- Tinubu

President Bola Tinubu is set to review the minimum wage in order to reflect the nation’s present economic circumstances.

He contends that in addition to strengthening the source and use of the nation’s revenue, the federal and state governments should jointly examine the minimum wage.

He revealed this on Friday during a meeting with the Progressive Governors Forum members, who backed the president’s decision to end the subsidy.

Speaking when he received members of the Imo’s Hope Uzodimma-led forum, Tinubu said, “We need to do some arithmetic and soul searching on the minimum wage,’’ adding, “We will have to take a look at that together, and the revenue. We must strengthen the source and application of our revenue.’’

He also assured that the multiple exchange rates currently prevalent in the country would be streamlined saying “If we work together, the Nigeria of our dreams is not far away. Rest assured that we will not have multiple exchange rates anymore. You asked for this meeting, and I had to set aside time to be here.

“We have a political party that we will need to manage, whichever way, we have inherited assets and liabilities, and we cannot complain.”

Speaking on behalf of the PGF, Uzodimma pledged to support the President, adding that the decisions already taken by Tinubu foretell good intentions for the economy.