Tag: N70k minimum wage
Nigeria Labour Congress Leader Challenges Impact of Petrol Price Surge on Minimum Wage
Joe Ajaero, leader of the Nigeria Labour Congress (NLC), opposes the recent petrol price increase, linking it to the rapid reduction in the value of the newly approved N70,000 minimum wage. With petrol now over N1,000 per litre in major cities, Ajaero argues that the hike undermines the significance of the wage increase previously calculated at a lower fuel cost. The NLC will convene soon to plan a response to this economic development, while implementation delays continue in the proposed wage adjustment.
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