President Bola Ahmed Tinubu has stated that Nigerians should not participate in the planned August 1–10, 2024 hardship protest due to the implementation of the student loan program, the creation of the consumer credit initiative, and the new minimum wage of N70,000.
This was revealed by the President on Thursday at the State House when he hosted a group of Islamic leaders headed by Sheikh Bala Lau.
The demonstration organisers were exhorted by Tinubu not to turn Nigeria become Sudan.
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In order to reach every Nigerian who is vulnerable at the local level, he claimed that his government was revamping its social assistance program.
“We are reworking the social welfare scheme to reach the ward level, which is the closest to our people. We are going to ensure that we re-establish connection with the wards, again, so that we can give allowances to the poor and the vulnerable.
“The student loans will pay for school fees. There will be monetary support for the education of our children. The consumer credit will support citizens to buy cars and houses, and they can repay gradually.
“We have increased the minimum wage by more than 100 percent,” he said.
According to Anaedoonline.ng, Tinubu and Nigerian workers reached an agreement on a minimum pay of N70,000, and the Nigerian National Assembly enacted the new Minimum pay Act on Wednesday.
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The federal government started paying out money to 110,000 eligible recipients of its N35 billion student loan program earlier this week.
This occurs several months after the N100 billion consumer credit for Nigerians was authorised by the Tinubu administration in April.
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