Nigeria: I'll Remove Subsidy to Fund New Minimum Wage - Moghalu

Kingsley Moghalu.
24 October 2018

Presidential candidate of Young Progressive Party, YPP, Mr. Kingsley Moghalu, has frowned on the proposed minimum wage by the Federal Government, saying any increment should be twice the current N18,000.00.

Moghalu, in a statement yesterday, said to fund a higher minimum wage, he would stop the subsidy on petroleum products if elected President.

His words: "Moghalu believes that a new minimum wage should be closer to double the current N18,000.00. The rationale for this is the need to start pushing back on the growing number of extremely poor Nigerians.

87 million Nigerians, which account for about 45% of the population, now live in extreme poverty. Nigeria also has a high dependency ratio whereby, social support is provided by family and friends to more hapless relations.

" To fund a higher minimum wage, I plan to eliminate the petroleum subsidy, increase tax revenue by ensuring more individual and corporate citizens (including informal sector operators) pay their taxes to the government, and remove labour redundancy in the public service. Elimination of the subsidy on petrol will save the government up to N500 billion yearly.

See What Everyone is Watching

More From: Vanguard

Don't Miss

AllAfrica publishes around 700 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.