President Bola Ahmed Tinibu announces salary increase today 31 July 2023
From Abdulaziz Abdulaziz
President Bora Ahmed Thinu has come forward to respond to popular voices, especially those related to the current situation.
Speaking to the media tonight, he explained how the government was prepared to raise funds in many areas to ease the pain of people trying to fix the now defunct oil subsidies. Here are some rules:
1. Discounted capital of up to N1 billion each for 75 industrial owners. They will be paid over 60 months.
2. SMEs will benefit from increased investment of N125 billion.
3. Of the $125 billion, the government will provide free capital of Naira 50,000 (conditional) to 1,300 small business owners in each local authority.
4. The remaining $75 billion will go to middle class businesses where 100,000 people will get discounted loans of 500,000 to 1 million naira, which they will pay slowly over a period of three breaths.
5. Since water had to be drawn from wells, the President ordered the release of 200,000 tons of grain and 225,000 tons of fertilizer for distribution to those in need and farmers.
5. The government will soon produce 3,000 gas-fired minibuses to reduce public transport costs. These vehicles will be assigned to transport companies for management.
6. The government also allocated funds to plant 500,000 hectares of land across the country. In addition to providing food, the program will also provide temporary employment opportunities for unemployed youth.
7. After the government and trade unions reach an agreement, speed up the implementation of the wage reform system.
Finally, those listening to the full speech will hear how President Tinu expressed compassion, patience, and vowed to end this situation as soon as possible with God’s help.
arewanahiya.com
