Edo State Governor, Godwin Obaseki, has revealed that the state government had planned for a ₦70,000 minimum wage three years ago in anticipation of economic challenges. This proactive measure was disclosed as Obaseki received the Award for Exceptional Courage in Leadership from the Editorial Board of Tell Magazine.
In a statement by Crusoe Osagie, Special Adviser to the Governor on Media Projects, Obaseki highlighted that the state’s foresight in economic planning began when concerns arose over the Federal Government's increasing borrowings.
"We can pay the ₦70,000 minimum wage because we planned for it over the last three years, anticipating a day like this," Obaseki stated. "Thank God we have been vindicated today, as our foresight and sincerity have helped us navigate through economic challenges."
Obaseki emphasized the importance of prudent financial management and institutional reforms, which have been instrumental in maintaining economic stability in Edo State. "Our institutional reforms have enabled us to better manage the state's resources, ensuring transparency and fostering a more robust economy," he added.
The governor also noted the support and understanding of the Edo people as a key factor in the administration's success. "The majority of Edo people appreciate and endorse what our government has done, giving us the courage to tackle any problem we faced," Obaseki said.
Looking ahead, Obaseki expressed confidence in the state's continued growth and development. "For the remaining months of our administration, we will finish strong. We will complete all ongoing projects," he assured. "This week, I will establish my transition team to document and aggregate our achievements and undertakings for the next administration."
Governor Obaseki’s strategic planning and leadership have been pivotal in positioning Edo State for a stable and prosperous future.
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