NLC: Why our proposed N200,000 minimum wage no longer realistic
The Nigeria Labour Congress, NLC, has said its proposed N200,000 minimum wage was no longer realistic.
The umbrella labour body said the nrw proposition should be around N400, 000, owing to the worsening economic situation in Nigeria.
NLC Vice President, Tommy Etim, spoke during the inauguration of the Minimum Wage Committee by Vice President Kashim Shettima.
Vice President Shettima inaugurated the committee at the Presidential Villa in Abuja on Tuesday.
According to Etim, “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 has 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.”
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