Time For A Rational Conversation On Minimum Wage 

Posted on June 1, 2024

TEMITOPE AJAYI 

In the face of the rising cost of living, I believe there is need for a higher national minimum wage.

However, the negotiation for a new national minimum wage by the Labour Movement should be rational and tempered within economic realities and capacity of both the government and private employers to pay.

Aluta approach of the Labour Movement won’t solve any problem. It will rather further depress the economy and create needless confusion.

 

There should be a rational conversation around the debate. Save for Lagos and probably 3 other states, I don’t think there is any state in Nigeria today that can conveniently pay above N50,000 minimum wage. A recent media report says Zamfara State government will begin to pay the N30,000 expired minimum wage from next month.

 

As it is, our economy cannot support N615,000 minimum wage. It means we will all have to pay our drivers, gatemen, cook, shop attendants, office assistants, waiters etc N615,000 every month. How much is the salary of the Labour leaders as unionists per month and will Joe Ajaero pay his own driver N615,000 per month from his salary as NLC President?

 

The idea of a minimum wage everywhere in the world is not to make workers rich and be in a position to afford everything they want.

 

In US, Canada and Europe, those who earn minimum wage keep two to three jobs at the same time to be able to pay their bills. Remaining on a minimum wage band is not a desirable position or life anyone wishes to have. Minimum wage simply means the minimum any worker should earn. Those who fall within the minimum wage band always aspire to exit the quadrangle by acquiring better education and other skills that can make them earn more to live more comfortable life.

 

After negotiating a reasonable and realistic minimum wage, the focus of the NLC/TUC should be how government will address the cost of living challenges through cheaper public transportation, affordable food and housing. Labour should also collaborate with government to boost industrial capacity so that manufacturing firms can employ more people to earn good wages.

 

Ajayi, a Presidential aide, writes from FCT, Abuja. 

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

In a bid to safeguard power infrastructure in line with current reforms, the Honourable... Continue
The Association of Advertising Agencies of Nigeria (AAAN) will today commence its 53rd Annual... Continue
  The President General of notable Niger Delta socio-cultural group, the Orashi National Congress,... Continue
There’s a reason you — yes, you reading this — would jump higher than... Continue
In a significant demonstration of its commitment to alleviating hunger and supporting vulnerable communities,... Continue
CYRIACUS IZUEKWE  The Afenifere Lagos and the Ndigbo Unity Forum held a joint meeting... Continue
MICHAEL AKINOLA The Nigeria Police Force has recommended the prosecution of the Osobia of... Continue
Nollywood actress Adebimpe Oyebade, popularly known as Mo Bimpe, has denied allegations circulating on... Continue
The All Progressives Congress, APC, has said that Former Vice President and Presidential candidate... Continue
KINGSLEY EBERE  A 64-year-old man, Chukwuemeka Ugwunta, was on Tuesday, July 21, 2026, arraigned... Continue

UBA


Access Bank

Twitter

Sponsored