The National Labour Congress says the initial N200,000 it was proposing as the National Minimum Wage is no longer tenable considering the present economic realities in the country
The NLC president, Joe Ajaero, who stated this in an interview with Newsmen on Monday, floated the idea of N1 million as the new monthly minimum wage and urged the Federal Government to consider the benchmark
According to him, the new minimum wage must reflect the country’s economic conditions and other economic indicators; adding that as long as the dollar keeps rising against the naira, demands for a higher minimum wage would be inevitable.
Meanwhile, organized Labour is presently meeting with the Federal Government to discuss resolutions around the strike notice issued by the NLC and Trade Union Congress, TUC last week.
Details on the outcome of the meeting will be brought to you in our subsequent bulletin