The president of the National Labour Congress (NLC), Joe Ajaero, has hinted that the new minimum wage proposal can reach as high as N1 million per month if inflation and other economic indicators continue to worsen in the country.
Ajaero made this disclosure in a statement yesterday while featuring in an interview on Arise TV.
According to the NLC president, the new minimum wage must reflect the economic conditions of the country, adding that as long as the Dollar keeps rising against the Naira the demands for a higher minimum wage will be inevitable.
Ajaero noted that the initial N200,000 minimum wage proposal is no longer tenable, citing the soaring price of food items and inflationary pressure in the economy.
Ajaero said the organized labour is meeting with the federal government today to discuss resolutions around the pending strike warning issued by the NLC and TUC.
He also stated that the government have failed to keep most of its agreements with the union, particularly on the issue of temporal wage awards to workers.
According to Ajaero, only one month of N35,000 wage awards was paid to workers.
