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Imo govt increases minimum wage to N40,000, offers N5billion loan to farmers
By NgoladiTV -July 16, 2023013
Imo State Government has raised the minimum salary for workers in the state to N40,000 as part of the measures implemented to mitigate the effects of the removal of fuel subsidies by the Federal Government.
Governor Hope Uzodimma made this announcement while speaking to a gathering of important stakeholders on Saturday in Owerri, the capital of Imo State. He also said that his administration would provide farmers with a N5 billion soft loan to increase their production.
The governor went on to list further actions that will lessen Imo people’s suffering across the board.
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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.
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“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.
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