Some Nigerian banks, WEMA bank and recently UBA, have improved on their staff welfare by giving a pay raise. Wema gave its staff a 45% increase; this is commendable amid a rising inflation (>22%) and severe hardships in the country.
Others who appear to have toed this path include GTCO, UBN and ZENITH. ACCESS Holding Plc said to be working on something. This is commendable and this needs to spread to other companies and industries.
The FG needs to step up. While there was general support and very muted opposition to the hard reset in the economy, with removal of fuel subsidy, the cancellation of multiple forex rates and similar policies, there needs to be quick action on providing relief to the people by way of salary increase, provision of direct relief to the populace, effective and cheap transport infrastructure. These required changes should not be stuck in committees as the government got want it wanted almost by fiat, the people should get want they want by similarly quick process.
The honeymoon period for the new government is over. The people are restless having endured so much, and they need to see and feel relief ASAP. President Tinubu knows that a happy populace makes governance a lot easier. May Nigeria succeed.