President Bola Tinubu has agreed to increase the provisional wage award for all treasury-paid Federal Government workers from N25,000 it previously announced to N35,000, for the period of 6 months.
The announcement came at the end of the meeting of the Federal Government delegation with the organized Labour Union leaders on Sunday night, on measures to address the dispute arising from the removal of subsidy on Premium Motor Spirit (PMS).
In addition to the wage award increase, the parties also noted the following:
(i) The Federal Government has announced N35,000 only as provisional wage award for all treasury-paid federal government workers for six months following further consultation with President Bola Tinubu.
(ii) The Federal Government is committed to fast-tracking the provision of Compressed Natural Gas (CNG) buses to ease public transportation difficulties associated with the removal of PMS subsidy.
(iii) The Federal Government commits to the provision of funds for micro and small-scale enterprises.
(iv) VAT on diesel will be waived for the next 6 months.
(v) The Federal Government will commence payment of N75,000 to 15 million households at N25,000 per month, for a three-month period from October-December 2023.
