Business News

President Tinubu tasks NEC to work on palliatives to cushion effect of subsidy removal

President Bola Tinubu has directed the National Economic Council to come up with inputs on palliatives and the minimum wage review as part of measures to cushion the pain of subsidy removal.

The President described the level of impoverishment in the country as “unacceptable,” urging state governors to collaborate with the Federal Government to tackle poverty nationwide.

He advised the political leaders to downplay their differences and jointly focus on alleviating the sufferings and pains of the people, a statement signed by the State House Director of Information, Abiodun Oladunjoye, noted.

President Tinubu stated thus:

“We can see the effects of poverty on the faces of our people. Poverty is not hereditary, it is from society. Our position is to eliminate poverty. Set aside partisan politics, we are here to deliberate about Nigeria and nation-building.

“We have managed ourselves very well to have a democracy. We have campaigned and arrived at our present destination. We must work for our people.

“How do we address the unacceptable level of poverty? How much are we investing in education, which is the only tool against poverty? I am ready to collaborate with you.”