The Minimum Wage Of N200,000 Is No Longer Realistic — NLC
The Nigerian Labour Congress said on Tuesday that the N200,000 minimum wage it earlier proposed to the Federal Government was no longer realistic.
The congress was responding to Vice President Kashim Shettima's inauguration of the Minimum Wage Committee on Tuesday, and it did so through its National Vice President, Tommy Etim.
He said, “You are aware that when we opted for the N200,000, the socio-economic challenges were not as biting as they are now. And when you now look at the exchange rate, it was not what it is now. The naira rate not been devalued as it is now. So, N200,000 is no longer tenable.”
“We are not going there with a fixed amount, but definitely not N200,000. By the time we get there, we will decide based on the socio-economic situation. That's what we are going to base our national minimum wage discussion and negotiation on.
“We are not going there with a fixed amount, but definitely not N200,000. By the time we get there, we will decide based on the socio-economic situation. That's what we are going to base our national minimum wage discussion and negotiation on.”
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