The National Association of Nigerian Students (NANS) has praised President Bola Tinubu for approving the long-awaited increase in the national minimum wage to N70,000 for workers. However, the student body has also urged the President to establish a committee to review and regulate prices of goods and commodities in the country to prevent artificial hikes.
In a statement, NANS Senate President, Senator Okunomo Henry, described the approval of the new minimum wage as a bold move that demonstrates President Tinubu’s commitment to revitalizing the economy, boosting worker morale, and fostering sustainable growth.
He noted that the new minimum wage will not only enhance the purchasing power of workers but also stimulate economic activity, create jobs, and reduce income inequality.Senator Henry commended President Tinubu for his dedication to the welfare of Nigerian workers and his resolve to actualize the Renewed Hope Agenda.
He urged Nigerian workers to reciprocate the gesture by rededicating themselves to their various roles and supporting the President’s efforts to overcome the current economic challenges.However, Senator Henry also called on President Tinubu to establish a committee to review and regulate market prices for goods and commodities.
He noted that the new minimum wage will be meaningless if the prices of goods and commodities continue to rise artificially. He urged the President to take immediate action to prevent this by setting up a committee to monitor and control prices.The call by NANS for price control is aimed at ensuring that the benefits of the new minimum wage are not eroded by high prices of goods and commodities.
It is also a testament to President Tinubu’s dedication to the welfare of Nigerian workers and his resolve to actualize the Renewed Hope Agenda.In conclusion, NANS commended President Tinubu on the approval of the new minimum wage and called on him to establish a committee to review and regulate prices of goods and commodities.
This will ensure that the benefits of the new minimum wage are felt by workers and stimulate economic activity, create jobs, and reduce income inequality.