Organized Labour, consisting of the Nigeria Labour Congress, NLC, and the Trade Union Congress, TUC, has outlined details of its proposed N615,000 minimum wage.


The details were contained in a statement released by the NLC on Friday.

According to the statement, Food and Transportation took the larger proportion of the proposed minimum wage.


The breakdown showed that N270,000 (for thirty days) was benchmarked for Food and N110,000 for Transportation.

Others are Electricity/Power (N20,000), Accommodation (N40,000), Utility Water (N10,000), Kerosene/Gas (N35,000), Clothing (N20,000), Education (N50,000), Sanitation (N10,000) and Medicals (50,000) resulting to a total sum of N615,000.

Recall that Festus Osifo, President of TUC and Joe Ajaero, the President of NLC, in separate statements, had revealed the N615,000 minimum wage proposal.


Meanwhile, in his May Day message to workers, President Bola Tinubu said an upward review of the minimum wage is imminent.

The development comes as Nigerian workers grapple with high cost of living resulting from rising inflation, which stood at 33.20 per cent in March 2024.

olaideeeedris:
I am sure these guys are not really serious with this thing they are doing. Increments in salary will only invite inflation. For me, I think what the workers shout fight for is the naira purchasing power. If my salary is 20k, I should be able to purchase good things with it. For example, with 20k salary:
Bag of rice.... #950
House rent (annually)... #230
Sch fees (private sch)... #110 (very expensive)
Car (moderate).... #6500
Buy a house... #4250 etc
Oya wake me up!!

1Alex:
will your suggestion be done over night or even in one year? . So workers will keep perishing till they land on a solution after these trial and error policies?

Prices of everything have increased by more than 200% and the salaries remain the same. If you were a civil servant, you would not have made this suggestion.

Anyhow e go be make e be. Make them increase the minimum wage.

olaideeeedris:
I've been a civil servant since February 2016 sir. This is what I always tell them at the office anytime a conversation like this pops up. Since the introduction of that wage award, a lot of them are beginning to think along my line.

olaideeeedris:
I've been a civil servant since February 2016 sir. This is what I always tell them at the office anytime a conversation like this pops up. Since the introduction of that wage award, a lot of them are beginning to think along my line.

olaideeeedris:
I am sure these guys are not really serious with this thing they are doing. Increments in salary will only invite inflation. For me, I think what the workers shout fight for is the naira purchasing power. If my salary is 20k, I should be able to purchase good things with it. For example, with 20k salary:
Bag of rice.... #950
House rent (annually)... #230
Sch fees (private sch)... #110 (very expensive)
Car (moderate).... #6500
Buy a house... #4250 etc
Oya wake me up!!

olaideeeedris:
I am sure these guys are not really serious with this thing they are doing. Increments in salary will only invite inflation. For me, I think what the workers shout fight for is the naira purchasing power. If my salary is 20k, I should be able to purchase good things with it. For example, with 20k salary:
Bag of rice.... #950
House rent (annually)... #230
Sch fees (private sch)... #110 (very expensive)
Car (moderate).... #6500
Buy a house... #4250 etc
Oya wake me up!!

Quest7777:
We are just pursuing shadows.

Higher Minimum wage will only lead to higher inflation.
Very soon ₦50 & ₦100 notes will join ₦5, ₦10 & ₦20 in becoming worthless.

It's only Good & Effective Governance + Increased Productivity that will boost workers' purchasing power, not wage increments.

olaideeeedris:
I am sure these guys are not really serious with this thing they are doing. Increments in salary will only invite inflation. For me, I think what the workers shout fight for is the naira purchasing power. If my salary is 20k, I should be able to purchase good things with it. For example, with 20k salary:
Bag of rice.... #950
House rent (annually)... #230
Sch fees (private sch)... #110 (very expensive)
Car (moderate).... #6500
Buy a house... #4250 etc
Oya wake me up!!

Babysho:
I think 615,000 is a tad much. It should be somewhere around 80k but most importantly, what the NLC should be fighting for is price control so that even 80k will have so much value.
And that's why I think investors love Nigeria, because we open our market to all sorts of foreigners and they set outrageous prices for goods because we don't have price control. Even our very own Dangote that we gave license to use our natural resources, we can't afford the things he created with our resources!

kenny160:
you raise a good point my brother, not the increment be the koko if they increase to that unrealistic amount demanded by labour, it will creapled our economy totally.

GanagiBitrus:

New Minimum Wage =>More Money in Circulation =>Higher Inflation =>Demand for New Minimum Wage...

&the Vicious Cycle continues.

Quest7777:
We are just pursuing shadows.

Higher Minimum wage will only lead to higher inflation.
Very soon ₦50 & ₦100 notes will join ₦5, ₦10 & ₦20 in becoming worthless.

It's only Good & Effective Governance + Increased Productivity that will boost workers' purchasing power, not wage increments.