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Our proposed N200,000 minimum wage no longer realistic – NLC

The Nigerian Labour Congress, NLC, has said the N200,000
minimum wage it earlier proposed to the Federal Government was no longer
realistic considering Nigeria’s current economic situation.

 

NLC Vice President, Tommy Etim, spoke while reacting to
Tuesday’s inauguration of the Minimum Wage Committee by Vice President Kashim
Shettima.

 

Shettima inaugurated the committee at the Presidential Villa
in Abuja.

 

However, Etim said: “You are aware that when we opted for
the N200,000, the socio-economic challenges were not as biting as they are now.

 

“And when you now look at the exchange rate, it was not what
it is now. The naira rate has not been devalued as it is now. So, N200,000 is
no longer tenable.

 

“We are not going there with a fixed amount, but definitely
not N200,000. By the time we get there, we will decide based on the
socio-economic situation.

 

“That’s what we are going to base our national minimum wage
discussion and negotiation on.”

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