The Imo State Government has increased the minimum wage for workers in the state to N40,000 as part of measures put in place to mitigate the impact of the Federal Government’s elimination of fuel subsidies.
On Saturday, Governor Hope Uzodimma told a strategic stakeholders conference in Owerri, Imo State’s capital, that his administration will make a N5 billion soft loan available to farmers to boost production.
The governor went on to list a number of other initiatives that will help Imo residents in a variety of ways.
The governor said, “I have watched with keen interest how our people have been faring since the removal of the subsidy on fuel was announced. I can tell you that I am deeply worried by my observations. It is clear to me that our people are suffering particularly the low-income earners.
“I feel the pains and this is why I have come up with some initiatives that I am unfolding to cushion the effect.
“There shall be an immediate upward review of salaries and wages of workers in the state. The minimum wage is hereby raised to N40,000 with discretionary, consequential adjustment of other levels.”
President Bola Tinubu had on May 29, 2023 during his inauguration removed subsidy payment on petrol, with the pump price per litre of the vital commodity jumping from N184 to over N500.