Fuel price hike: Expert predicts new minimum wage negotiation

  • Families and operators of businesses in Nigeria have continued to decry the recent hike in fuel prices as they grapple with the escalating cost of living amid widespread discontent in the country
  • In a nation where survival is already a daily battle, the recent hike in petrol prices has cast doubts on the effectiveness of the newly increased minimum wage
  • Among others, a top economist, Paul Alaje, asked Nigerians to brace up for higher inflation in the present month of September

Some economic experts have explained that the minimum wage may be unable to protect Nigerian workers from hardship.
Photo credit: @NLCHeadquartersSource: TwitterThe new pump price may induce a new negotiation including minimum wage=Note the exchange rate has fallen to N1,600.With these two realities, expect:1. An increase in food price.2. A higher cost of transportation.3. Higher inflation for September.Read more on minimum wage

  • Minimum wage: Gombe Gov Yahaya gives fresh conditions for implementation of N70,000, shares details
  • Fubara opens up on why he delayed minimum wage implementation
  • Minimum wage: List of Nigerian governors ready to pay workers N70,00

NLC speaks on minimum wage implementation

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