NLC Seeks New Minimum Wage of N100,000 or N200,000 Amid Rising Cost of Living

By Fatima M. Sambo

In a bid to address the increasing cost of living in Nigeria, the Nigeria Labour Congress (NLC) has announced its intention to negotiate a new minimum wage of either N100,000 or N200,000. The President of NLC, Joe Ajaero, made this revelation during an appearance on the popular television programme, Politics Today, on Tuesday evening.

Ajaero highlighted that the union, along with the Trade Union Congress (TUC), had initially planned a strike but decided to suspend it to allow the government sufficient time to fulfill its commitments as agreed upon with organized labor. He emphasized that the N35,000 wage award proposed by the government was not the new minimum wage, and suggested that it could potentially reach as high as N200,000.

During the interview, Ajaero clarified, "So, it is not a minimum wage but it is a wage added to the minimum wage. So, should we negotiate the new wage to be N100,000 or N200,000 in March, April, or before that time, it would be inscribed."

The NLC President's statement reflects the growing concerns among workers regarding the rising cost of living in Nigeria. As inflation continues to impact the economy, the NLC believes that a higher minimum wage is necessary to ensure that workers can meet their basic needs and maintain a decent standard of living.

The NLC's proposal for a new minimum wage of N100,000 or N200,000 aims to address the current economic challenges faced by workers across various sectors. By negotiating for a higher wage, the NLC hopes to alleviate the financial burden on workers and improve their overall well-being.

The NLC's decision to suspend the planned strike demonstrates their willingness to engage in dialogue and give the government an opportunity to fulfill its promises. However, it also serves as a reminder of the urgency and importance of addressing the issue of minimum wage to ensure the welfare of Nigerian workers.

As discussions between the NLC and the government unfold, the outcome of these negotiations will undoubtedly have a significant impact on the lives of millions of workers in Nigeria. The NLC remains committed to advocating for fair wages that reflect the current economic realities and enable workers to cope with the rising cost of living.

In the coming months, the nation will eagerly await the outcome of these negotiations, as the decision on the new minimum wage will shape the future of the Nigerian workforce and their ability to sustain themselves and their families in an increasingly challenging economic environment.

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