Nigeria Labour Congress: New Minimum Wage could rise to N100, 000

The Nigeria Labour Congress (NLC) says the new minimum wage may be negotiated to N100,000 or N200,000 due to the rising cost of living and inflation.

The President of the NLC, Joe Ajaero, stated this while featuring on Channels TV’s Politics Today, while explaining the rationale behind the N35,000 wage award for federal government workers.

According to him, the wage award “is not a minimum wage but it is a wage added to the minimum wage. So, should we in March, April, or before that time negotiate the new wage to be N100,000 or N200,000, it would be inscribed as minimum wage law which should be the law in existence”.

“Certain things would come into play when we discuss it – inflation, cost of living. Every other thing would come into it. We would not go to ask for N65,000. We would go for a realistic amount because N65,000 is about $70 which is not up to minimum wage.”