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Why new Minimum Wage demands may be N1m, Ajaero reveals

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The National Labour Congress (NLC) has said it may increase the new minimum wage demands to N1 million per month if economic woes continue.

In an interview on Arise TV on Sunday, President Joe Ajaero of the NLC noted the increasing inflation and currency devaluation as major motivators.

Ajaero said: “This N1 million may be relevant if the value of the Naira continues to depreciate; if the inflation continues to depreciate. The demand of Labour is equally dependent on what is happening in the society.

“You will remember that by the time we were contemplating N200,000, the exchange rate was about N900. As we talk today, the exchange rate is about N1,400 or even more.

“Those are the issues that determine the demand, and it is equally affecting the cost of living, and we have always said it that our demand will be based on the cost of living index.

“You’ll agree with me that a bag of rice is about N60,000 to N70,000. Foodstuff is getting out of reach. Now, are we going to get a minimum wage that will not be enough for transportation, even for one week?

“We have to factor in all these issues. And that will determine the federal government commitment to these negotiations.”

The Federal Government called the Trade Union Congress (TUC) and the National Labor Congress (NLC) for a meeting today to debate measures in response to a 14-day strike warning.

The unions alleged the government of breaching their previous agreements, which included temporary wage awards for workers.

“Only one month of the N35,000 naira was paid to civil servants. Also, there is no evidence of payment of any N25,000 paid as palliative to workers. That’s what led to what’s happening in the humanitarian ministry.

“No farmer has come to say that he received fertilisers from the government. I don’t know whether the fertilisers are for sale or for cultivation,” he said.

 

 

 

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