Latest
Why NLC may demand N1 million as minimum wage — Joe Ajaero
Joe Ajaero, the President of the NLC has said that organised labour may demand up to N1 million as the new minimum wage for if the rising inflation remains unchecked.
The NLC and TUC issued a stern ultimatum to the government to honour its
part of the understanding within 14 days starting from February 9, 2024.
In an interview with Arise News on Sunday evening, Ajaero said, “This N1 million may be relevant if the value of the 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 & it is equally affecting the cost of living & we have always said that our demand will be based on the cost of living index
-
Education5 days agoUniversity of Ibadan releases 2026/2027 post-UTME screening results
-
Football5 days agoUnpaid £185m Club World Cup fund sparks fresh FIFA controversy
-
Business7 days agoInformation Minister, VON DG to lead ARCON’s 2026 Advertising Industry Colloquium
-
Aviation6 days agoCanada issues 10 key tips to help immigration applicants avoid processing delays
-
Business1 week agoCooking gas dealers slash prices amid intensifying market competition
-
Business5 days agoBreaking: NNPCL reduces pump price of petrol as competition intensifies
-
Politics1 week agoKenneth Okonkwo questions INEC’s credibility, calls for reforms ahead of 2027 polls
-
Latest6 days agoFubara’s early push for political structure triggered rift – Wike