The President of the Nigeria Labour Congress (NLC), Comrade Joe Ajaero, has ignited a debate by advocating for a new minimum wage of N1 million for Nigerian workers, citing the current high rate of inflation and hardships exacerbated by the recent removal of fuel subsidy.
Ajaero’s proposal, disclosed during an interview on Arise News Channel, underscores the pressing need to address the escalating cost of living under the administration of President Bola Tinubu. He emphasized that the proposed wage hike is essential to mitigate the economic challenges facing workers amidst policy shifts such as fuel subsidy removal.
The Labour Centre intends for the new minimum wage to take effect by April 2024, with hopes of easing the financial burdens experienced by Nigerian workers. Despite the federal government’s establishment of a committee to review the current N30,000 monthly minimum wage, Ajaero expressed skepticism about the committee’s composition and effectiveness.
Highlighting the impact of inflation and currency depreciation on the cost of living, Ajaero emphasized the necessity of aligning wage increases with prevailing economic conditions. He pointed to exorbitant prices of basic commodities like rice and corn, further stressing the urgency of implementing a substantial wage adjustment.
However, Ajaero voiced concerns about the adequacy of the government’s response, particularly given delays in committee formation and doubts regarding the committee’s ability to deliver meaningful outcomes. He underscored the importance of inclusive and transparent negotiations to ensure equitable wage adjustments for workers across the country.
