NLC threatens N1 million minimum wage demand amid inflation woes

NLC to Tinubu: Curb Inflation or Face N1 Million Minimum Wage Demand – TheTalk.NG

• The leadership of the Nigerian Labour Congress (NLC) has expressed their frustration over the performance of the Naira to the Dollar
• NLC President Joe Ajaero disclosed that the labour unions might demand N1 million as minimum wage if inflation is not curbed
• He stated that the standard of living had increased drastically and that a sustainable minimum wage would be required for civil servants to keep up

The NLC has already issued a 14-day warning strike. Photo Credit: NLCSource: Facebook

NLC threatens 14-day strike

“This N1 million may be relevant if the value of the Nigerian (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 and it is equally affecting the cost of living. And we have always said that our demand will be based on the cost of living index.”

FG yet to pay January salaries

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