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Untamed Inflation: Nigerian Workers Eye 50% Wage Increase

The demand was re-echoed in an exclusive interview on Monday by a senior executive of the Nigeria Labour Congress, NLC, who preferred anonymity.

Emmanuel Babs by Emmanuel Babs
January 15, 2025
in Business, Highlights, Top News
0
Untamed Inflation: Nigerian Workers Eye 50% Wage Increase

Nigerian workers have again demanded at least a 50 percent wage increase from the President Bola Ahmed Tinubu government to cushion the impact of the country’s untamed inflation.

The demand was re-echoed in an exclusive interview on Monday by a senior executive of the Nigeria Labour Congress, NLC, who preferred anonymity.

The wage rise demand comes barely six months after the minimum wage increase in July 2024.

The workers want the presidential economic team to double down on policies inflicting pains on Nigerians in the last months.

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“We have called on President Bola Ahmed Tinubu for a wage review. There is a difference between wage review and minimum wage negotiation.

“We had a meeting with the Secretary to the Government of the Federation; about seven or eight ministers were in attendance.

“They agreed that due to the country’s inflation, that there is a need for a wage review. We will officially write to the government for a wage review.

“On the proposed wage review, the leadership of NLC will meet to determine the exact amount, as you are aware prices have doubled after the last minimum wage review.

“Similarly, the President and his media team should double down on their harsh economic policies,” the NLC source said.

 

SOURCE: DAILYPOST

Tags: Bola Ahmed Tinubu governmentNigerian Workers
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