The meeting concluded with a call to action for all party members, to actively participate in the re-building and strengthening of the APC in the zone.
Tinubu had on May 29, 2023, declared an end to petrol subsidies, a move that saw Nigeria’s headline inflation rising to 33.95 per cent in May, according to the latest report by the National Bureau of Statistics (NBS).
The data revealed that on a year-on-year basis, the headline inflation rate was 11.54 per cent points higher compared to the rate recorded in May 2023, which was 22.41 per cent.
The NBS report also revealed that the Food inflation rate in May 2024 was 40.66 per cent on a year-on-year basis, which was 15.84 per cent points higher compared to the rate recorded in May 2023.
Despite the rising inflation rate, the Central Bank of Nigeria (CBN) has also implemented several money-tightening policies which have been criticised by the World Bank.
Different tax policies to increase revenue have also been put in place by the apex bank.
The federal government is currently battling the duo of the Nigerian Labour Congress and Trade Union Congress, on a new minimum wage. FG has insisted on N62,000 despite rejection by labour.
