DAILY POST
The National Labour Congress, NLC, president, Joe Ajaero, says the Federal Government should look at N1 million as monthly minimum wage if inflation and other economic indicators worsen.
Ajaero disclosed this on Sunday in an interview with Arise Television.
According to the NLC president, the new minimum wage must reflect the country’s economic conditions, adding that as long as the dollar keeps rising against the naira, the demands for a higher minimum wage will be inevitable.
He reiterated that the initial N200,000 minimum wage proposal is no longer tenable, citing the soaring price of food items and inflationary pressure in the economy.
He said the organized Labour is meeting with the Federal Government on Monday to discuss resolutions around the strike notice issued by the NLC and Trade Union Congress, TUC.
“This N1 million may be relevant if the value of the Naira continues to depreciate; if the inflation continues to depreciate. The demand for Labour is equally dependent on what is happening in society.
