Labour
N200,000 Minimum Wage no longer tenable – NLC
The Nigerian Labour Congress (NLC) has declared that the N200,000 Minimum Wage earlier proposed for negotiation with the Federal Government is no longer realistic because of the prevailing biting economic situation in the country.
The Organised Labour maintained that the minimum wage would be negotiated nad decided based on the socio-economic situation.
NLC National Vice President, Tommy Etim, reflecting on the inauguration of the Minimum Wage Committee by Vice President Kashim Shettima on Tuesday, stated: “You are aware that when we opted for the N200,000, the socio-economic challenges were not as biting as they are now.
READ ALSO: Tinubu condemns mindless, brutal bloodletting in Ekiti
“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.”
-
Football3 days agoAfrica breaks World Cup record with seven teams in knockout stage
-
Latest6 days agoAlleged xenophobic attack claims life of Malawian street vendor in South Africa
-
Football4 days agoNetherlands to face Morocco, Brazil draw Japan in 2026 World Cup round of 32
-
Comments and Issues5 days agoNorway’s Rowing Celebration Captures The Spirit Of The World Cup
-
Energy5 days agoLeaked court documents allege Shell ignored pipeline safety warnings in Niger Delta
-
Latest1 week agoTroops close in on forest hideout as search continues for abducted Oyo schoolchildren
-
Aviation7 days agoHeading through the storm: Multiple taxes, complex leasing drag on Nigerian carriers
-
Energy1 week agoGlobal oil prices fall after U.S.–Iran talks