ABUJA, Nigeria
Nigeria's President Bola Tinubu has announced a six-month increase to the minimum wage as workers are set to start an indefinite strike.
Unions want the monthly wage
to be raised to $255 (£210) to help deal with the sharp rise in the cost of
living since Mr Tinubu took office in May.
The president's $32 increase
only brings a monthly minimum salary to $70.
He also pledged to speed up
the rollout of cheap gas-powered buses to help with the recent tripling of fuel
prices.
This was prompted by Mr
Tinubu's removal of a fuel subsidy that had kept the price of petrol low for
decades in Africa's largest economy.
In June, the country also
abandoned its currency peg allowing it to trade freely, leading to one of the
biggest falls in the naira's history.
This has made life difficult
for struggling Nigerians as already high inflation has soared due to an
increase in the cost of imports.
In a televised national
address to mark the country's 63rd year of independence from the UK, the
president outlined measures he said would cushion people from the current
economic hardship.
"There is no joy in
seeing the people of this nation shoulder burdens that should have been shed
years ago," Mr Tinubu said.
"I wish today's difficulties
did not exist. But we must endure if we are to reach the good side of our
future."
The 71-year-old reiterated
that while reform would be painful, it would be worth it as the government
could now plough the billions saved from the fuel subsidy into projects like
the compressed natural gas bus network.
"We now carry the costs
of reaching a future in Nigeria where the abundance and fruits of the nation
are fairly shared among all, not hoarded by a select and greedy few," he
said.
"A Nigeria where hunger,
poverty and hardship are pushed into the shadows of an ever-fading past."
The main labour unions -
Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) - said they
would proceed with the planned indefinite strike from Tuesday.
The union leaders insisted the
government had failed to address the suffering caused by the removal of fuel
subsidy.
The government had appealed to
them to suspend the strike to allow more time for negotiations.
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