Expect N100,000 Or N200,000 As New Minimum Wage – NLC

The Nigeria Labour Congress (NLC) is considering negotiating a new minimum wage, possibly ranging from N100,000 to N200,000 due to the rising cost of living.

VerseNews reports that the NLC and the Trade Union Congress (TUC) initially planned to strike over fuel subsidy removal but postponed it after a meeting with government officials in Abuja.

The NLC President, Joe Ajaero, emphasized that the N35,000 wage award from the government is not a new minimum wage, and they may negotiate for a higher figure.

“Certain things would come into play when we discuss it – inflation, cost of living. Every other thing would come into it,” he added.

“We would not go to ask for N65,000. We would go for a realistic amount because N65,000 is about $70 which is not up to minimum wage.”

He explained that a new minimum wage would take into account factors like inflation and the cost of living.

Ajaero highlighted that the National Assembly’s legislation is essential for a new minimum wage to become law.

“The minimum wage is a product of law. Until it is legislated in the National Assembly, it is not a minimum wage,” Ajaero argued.