Close Menu
  • Home
  • Politics
  • Entertainment
  • News
  • Interviews
  • Events
  • Fashion
  • Article
  • Lifestyle
  • Movies & TV
  • Music
What's Hot

Televangelist Jimmy Swaggart dies at 90

Tinubu govt a failure, opposition can’t’ afford to divide votes in 2027 – Gbadebo Rhodes-Vivour

FG launches $40m ICT revolution project in 10 universities

Facebook X (Twitter) Instagram
  • Home
  • Politics
  • Entertainment
  • News
  • Interviews
  • Events
  • Fashion
  • Article
  • Lifestyle
  • Movies & TV
  • Music
Facebook X (Twitter) Instagram Pinterest
DAILY BLAST
Contact
HOT TOPICS
  • Home
  • Politics
  • Entertainment
  • News
  • Interviews
  • Events
  • Fashion
  • Article
  • Lifestyle
  • Movies & TV
  • Music
DAILY BLAST
You are at:Home»Breaking News»Nigeria Labour Congress considers N1million as new minimum wage
Breaking News

Nigeria Labour Congress considers N1million as new minimum wage

DailyblastBy DailyblastFebruary 12, 2024002 Mins Read
Share WhatsApp Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
Share
Facebook Twitter LinkedIn Pinterest Email WhatsApp Copy Link

The President of the Nigeria Labour Congress, Joe Ajaero,  has stated that organized Labour may be forced to push for a new minimum wage of N1 million for Nigerian civil servants if the ongoing inflation is not effectively addressed and nipped in the bud.

Ajaero said this while appearing on Arise TV.  According to him, the demand from organised labour would be influenced by the cost of living which has been increasing since President Bola Tinubu assumed office, notably due to the removal of fuel subsidy and other policies.

Related posts:

  1. Organized Labour rejects FG’s N48, 000 minimum wage proposal
  2. Labour rejects ₦62,000 minimum wage proposed by govt, may resume strike on Tuesday
  3. Minimum wage: Labour insists on N250,000
  4. Why we accepted N70,000 minimum wage – Labour leaders

“This N1 million may be relevant if the value of the Nigerian (naira) continues to depreciate; if the inflation continues unchecked because 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 (as minimum wage), the exchange rate was about N800/N900 (to a dollar). 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 that our demand will be based on the cost of living index. You will agree with me today that even a bag of rice is going for about N60,000/N70,000 or more.

A bag of locally produced corn is about N56,000 or more. 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?

You have to factor in these issues and that will determine the Federal Government’s commitment to this negotiation. It is not just that they want to give us a minimum wage.

The old minimum wage will be expiring by April and ordinarily, the Federal Government ought to have set up a committee six months before that time so that negotiation would have commenced but the Federal Government didn’t do that until (recently when) they inaugurated a committee and the committee has not sat.

It appears we are going to work within one month or two to agree on a figure.”

Post Views: 233
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram WhatsApp Copy Link
Previous ArticleWoman killed after opening fire at Joel Osteen’s church in US
Next Article Popular lawyer, Victor Onwubiko murdered in Imo State
Dailyblast

Related Posts

Televangelist Jimmy Swaggart dies at 90

July 1, 2025

Tinubu govt a failure, opposition can’t’ afford to divide votes in 2027 – Gbadebo Rhodes-Vivour

July 1, 2025

FG launches $40m ICT revolution project in 10 universities

July 1, 2025
Add A Comment

Comments are closed.

Recent Posts
  • Televangelist Jimmy Swaggart dies at 90 July 1, 2025
  • Tinubu govt a failure, opposition can’t’ afford to divide votes in 2027 – Gbadebo Rhodes-Vivour July 1, 2025
  • FG launches $40m ICT revolution project in 10 universities July 1, 2025
  • 2027: Jigawa PDP faction plans coalition to outs APC July 1, 2025
  • OmoBarca sends warm July greetings to Ajeromi-Ifelodun constituents July 1, 2025
Top Posts

(Video) female prison officer filmed having sex with inmate in London prison

June 29, 20241,459 Views

UNN suspends lecturer for allegedly impregnating four students

February 17, 20253,169 Views

(Photos) Blood bath in Ihiala as gunmen kill billionaire businessman, seven others while preparing for mother’s burial

January 2, 2025687 Views
Latest Reviews
Most Popular

(Video) female prison officer filmed having sex with inmate in London prison

June 29, 20241,459 Views

UNN suspends lecturer for allegedly impregnating four students

February 17, 20253,169 Views

(Photos) Blood bath in Ihiala as gunmen kill billionaire businessman, seven others while preparing for mother’s burial

January 2, 2025687 Views
Our Picks

Televangelist Jimmy Swaggart dies at 90

Tinubu govt a failure, opposition can’t’ afford to divide votes in 2027 – Gbadebo Rhodes-Vivour

FG launches $40m ICT revolution project in 10 universities

© 2025
  • Privacy Policy
  • Contact

Type above and press Enter to search. Press Esc to cancel.