Why we proposed N615k as minimum wage, by NLC boss Ajaero

Date:

NLC President Proposes N615,000 Minimum Wage Due to Economic Realities

Thank you for reading this post, don't forget to subscribe!

During a visit to The Nation headquarters in Lagos, Joe Ajaero, the national president of the Nigerian Labour Congress (NLC), clarified the rationale behind proposing a minimum wage of N615,000 to the federal government. Ajaero emphasized that the prevailing economic challenges in the country were the driving force behind this proposal.

Addressing misconceptions surrounding the proposed amount, Ajaero highlighted the NLC’s intent to improve the lives of workers. He explained that the figure was carefully determined considering various factors such as food, medical expenses, education, and other essential utilities. Notably, the proposal did not include provisions for communication or offerings.

Ajaero underscored the impact of subsidy removal on the cost of living, suggesting that if subsidies were retained, a lower minimum wage might have sufficed. Despite the criticism and misunderstanding, the NLC believes that transparent communication about their proposal is crucial for public understanding.


Discover more from Naija247news

Subscribe to get the latest posts to your email.

Share post:

Subscribe

Popular

More like this
Related

Oworonshoki-Apapa Expressway: Tinubu commends Dangote, describes project 10th Wonder of the World

…We consider this project CSR - Dangote President Bola Ahmed...

Global Commodity Prices: Mixed Movements Recorded as of 3:30 PM GMT+1, Friday, May 24, 2024

As markets closed for the week, global commodity prices...

U.S.-Dollar Exchange Rates as of 4:30 PM GMT+1, Friday, May 24, 2024

**U.S.-Dollar Exchange Rates as of 4:30 PM GMT+1, Friday,...

FGN Eurobonds Maintain Above 8% Yields And Weekly Stock Recommendations

**Weekly Stock Recommendations and FGN Eurobonds Performance Highlights** As of...

Discover more from Naija247news

Subscribe now to keep reading and get access to the full archive.

Continue reading