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Subsidy Removal: Gov Uzodimma Increases Minimum Wage To N40,000
I have discovered, with pain, how some traders are taking advantage of the economic situation to increase the prices of food items in the market.
The Imo State Governor, Hope Uzodinma, has increased the minimum wage of workers in the state to N40,000.
Uzodinma, while addressing members of the state executive council on Saturday, July 15, said his government will make available N5bn soft loan for farmers to enhance their productivity.
In a statement by his Chief Press Secretary, Oguwike Nwachukwu, Governor Uzodinma said his administration will give out soft loans, and grants, and provide seedlings and farm tools to qualified farmers in the state.
He said the current economic situation caused by the removal of fuel subsidy is biting hard on the people and that the increment in salaries is to help cushion the hardship civil servants in the state are facing due to the fuel subsidy removal.
“There shall be an immediate upward review of the salaries and wages of workers in the state. The minimum wage is hereby raised to forty thousand naira (N40,000) with discretionary consequential adjustments. At least, your salaries would be able not only to take you home, but to also provide your basic necessities to enable you to make ends meet.
“Apart from the free transport which the workers are already enjoying, I shall increase the fleet of buses carrying workers to and from work with ten more new buses. This is to ensure every nook and cranny of the state capital is captured in the routes that the buses ply, to bring the service closest to the doorsteps of every worker.
He said plans have reached an advanced level to recalibrate the tax system in Imo state, with Governor Uzodimma hinting that those who earn below N100,000 annually are likely going to be yanked off the State’s tax net.
“I have discovered, with pain, how some traders are taking advantage of the economic situation to increase the prices of food items in the market.
“Against this backdrop, the government will soon establish Imo State Marketing and Commodity Board (ISMCB), which will ensure food items are sold at normal prices. We shall achieve this by setting up low-cost markets in the state where prices of food items and commodities will be affordable for the masses. The markets will be situated in all the 27 LGAs of the state.”