Inflation devalues N30,000 minimum wage – NLC

The Nigeria Labour Congress has lamented how the inflation rate of 18.17 percent had devalued the N30,000 minimum wage.

PUNCH reports the Chairperson of NLC Lagos State Council, Funmi Sessi, to have made the above submission.

She said the news of the minimum wage was no longer exciting to workers, considering the increase in prices of many items, as well as the increased electricity tariff.

According to her, the workers are suffering these increases because of the incompetence of the government and the appointment of people into office based on the sentiments of the region and party loyalties.

The Chairman said, “The prices of items in the market have skyrocketed; from tomatoes to fuel, the price of everything has increased. N30,000 minimum wage has lost its value.

“There is an economic downturn in Nigeria, which was not created by the workers but because of bad leadership and bad policies of our government.”

Sessi also noted that the COVID-19 pandemic added to the challenges facing workers in the country.

 49 total views,  1 views today

LEAVE A REPLY

Please enter your comment!
Please enter your name here