Minimum wage: NLC pegs demand at #1M, if.
As the negotiation on living wage and or minimum wage demand gathers momentum, the Nigerian Labour Congress (NLC) has said its minimum wage demands may rise to one million naira per month if economic woes persist.
According to the National Labour Congress (NLC), if the economy continues to suffer, its demands for a minimum salary might increase to N1 million per month.
In an interview on Arise TV on Sunday, monitored by Treasure times NLC President Joe Ajaero ,cited growing inflation and currency devaluation as major motivators.
He said: “This N1 million may be relevant if the value of the Naira continues to depreciate; if the inflation continues to depreciate. The demand of Labour is equally dependent on what is happening in the society.
“You will remember that by the time we were contemplating N200,000, the exchange rate was about N900. As we talk today, the exchange rate is about N1,400 or even more.
“Those are the issues that determine the demand and it is equally affecting the cost of living and we have always said it that our demand will be based on the cost of living index
