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LequteMan
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The NLC yesterday met with senate president Bukola Saraki for support over the proposal of a new minimum wage to the federal government, Daily Trust reports.
President of the congress, Comrade Ayuba Wabba said the proposal is hinged on the elapse of the circle of the N18,000 minimum wage this year following the promulgation of the Act by the National Assembly in 2011.
He said the NLC had indicated at this year’s May Day address, the National Minimum Wage is due for review.
According to him, the devaluation of the naira from N150 to $1, to about N242 to $1 underscores the grim situation for salary earners in the country against the fact that our economy is import-driven.
“The devaluation, in simple economic terms, means that the purchasing power of the ordinary Nigerian wage earner is grossly devalued,” he noted.
Besides, Wabba stressed: “As a result of this grim economic reality…congress will soon submit a New Minimum Wage demand, which we hope will be negotiated by the traditional tripartite negotiating team of Government, Employers and Organized Labour. Our hope is that when the end product of the negotiation is brought before the National Assembly for legislation, it would be treated with dispatch.”
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President of the congress, Comrade Ayuba Wabba said the proposal is hinged on the elapse of the circle of the N18,000 minimum wage this year following the promulgation of the Act by the National Assembly in 2011.
He said the NLC had indicated at this year’s May Day address, the National Minimum Wage is due for review.
According to him, the devaluation of the naira from N150 to $1, to about N242 to $1 underscores the grim situation for salary earners in the country against the fact that our economy is import-driven.
“The devaluation, in simple economic terms, means that the purchasing power of the ordinary Nigerian wage earner is grossly devalued,” he noted.
Besides, Wabba stressed: “As a result of this grim economic reality…congress will soon submit a New Minimum Wage demand, which we hope will be negotiated by the traditional tripartite negotiating team of Government, Employers and Organized Labour. Our hope is that when the end product of the negotiation is brought before the National Assembly for legislation, it would be treated with dispatch.”
click here to read full story
