Cost Of Living Will Determine Nigerian Workers’ Minimum Wage, Says NLC
Amidst rising cost of goods and services in the country, the Nigeria Labour Congress (NLC) has said it would ensure that the next national minimum wage to be negotiated in 2024 reflects the prevailing cost of living.
It lamented that following the removal of fuel subsidy by the federal government, life has become extremely unbearable for workers.
Addressing participants at the opening of the 19th edition of the NLC’s Harmattan School holding in Abuja, President of the NLC, Joe Ajaero, said it had become necessary for governments at all levels to recognise that life and living conditions were exceedingly difficult, especially for working people in both the formal and informal sectors of the economy.
He said removal of subsidy on petroleum products further exacerbated challenges faced by working people, unleashing severe pain and contributing to galloping inflation and increasing inequality and poverty.
Ajaero, who was represented by Deputy President of the NLC, Benjamin Anthony, said the ultimate goal of negotiating a new minimum wage was to establish a living wage that covers the cost of living and make allowance for some savings by the workers.
Cost Of Living Will Determine Nigerian Workers’ Minimum Wage, Says NLC
Amidst rising cost of goods and services in the country, the Nigeria Labour Congress (NLC) has said it would ensure that the next national minimum wage to be negotiated in 2024 reflects the prevailing cost of living.
It lamented that following the removal of fuel subsidy by the federal government, life has become extremely unbearable for workers.
Addressing participants at the opening of the 19th edition of the NLC’s Harmattan School holding in Abuja, President of the NLC, Joe Ajaero, said it had become necessary for governments at all levels to recognise that life and living conditions were exceedingly difficult, especially for working people in both the formal and informal sectors of the economy.
He said removal of subsidy on petroleum products further exacerbated challenges faced by working people, unleashing severe pain and contributing to galloping inflation and increasing inequality and poverty.
Ajaero, who was represented by Deputy President of the NLC, Benjamin Anthony, said the ultimate goal of negotiating a new minimum wage was to establish a living wage that covers the cost of living and make allowance for some savings by the workers.
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