Minimum Wage: How We Arrived At N200,000 — NLC President

In a recent interview, President of the Nigeria Labour Congress (NLC), Comrade Joe Ajaero, shed light on the decision to suspend the proposed indefinite strike over the removal of petrol subsidy and disagreements with the government regarding palliatives. Ajaero dismissed criticism accusing labour of “selling out,” emphasizing that they achieved about 90% of their demands through negotiations.

He explained that the demands included alternatives to petrol, ensuring refinery operations, wage awards, and addressing issues like interference with the National Union of Road Transport Workers and tertiary institution workers. Ajaero elaborated on the negotiations, clarifying that agreements were reached on several critical points, highlighting that these agreements will be registered in court as terms of settlement.

Addressing concerns about the sustainability of wage increases, Ajaero argued that a raise is crucial for maintaining purchasing power and stimulating economic growth. He emphasized that the least-paid worker should receive a minimum of two hundred dollars per month, considering factors such as cost of living, transportation, accommodation, education, healthcare, and daily necessities.

Regarding future minimum wage negotiations, Ajaero emphasized the need for objectivity and consideration of factors such as the exchange rate, inflation, cost of goods, and transportation costs. He underscored the importance of ensuring that workers’ wages can cover essential needs and maintain a reasonable standard of living.

Overall, the interview provided insight into the intricacies of wage negotiations, the importance of achieving a fair minimum wage, and the need to consider various economic factors to ensure the well-being of workers in Nigeria.