Skip to content

Inflation Has Reduced Minimum Wage To Nothing, Says NLC

The Nigeria Labour Congress has lamented the impact of inflation on the N30, 000 national minimum wage.

NLC President, Aliyu Wabba, noted that the wage, passed into law in 2019 by the President, Major General Muhammadu Buhari (retd.), had been reduced to nothing by inflation.

Wabba spoke during the 2021 Decent Work Round-Table discussion, to mark 2021 World Day for Decent Work with the theme: ‘The Effect of the COVID-19 Pandemic on Health, Employment, Income and Gender Equality.’

He urged the Federal Government to adopt a National Employment Plan that will engender decent work in the country.

The NLC President said, “Today we know that the 30,000 minimum wage has been reduced to virtually nothing due to external effects of inflation in our system.”

Wabba said that the national employment plan was imperative in addressing the issue of peace and stability in the country.

Why Ghana is now a better destination for foreign investors than Nigeria –Tunde Lemo
Why we signed minimum wage agreement with Kwara – NLC
He said governments at all levels should take serious action and put in place mechanisms that will engender decent work in Nigeria.

We also need jobs respect fundamental labour status, we need jobs that are sustainable. We need jobs that respect maximum working hours and jobs that can provide a decent minimum wage,” he submitted, adding that 70 per cent of Nigerians had their livelihood in the informal sector.

The NLC President also said casualisation of labour was a challenge and that seeking for employment has become perverse.

Wabba said, “I must use this opportunity to call on our government at all levels to adopt a national employment plan and I think decent employment which is a recipe to addressing the issue of peace and stability. Because youths can certainly be a tool to the hands of the people who are manipulative and this can be very dangerous to the society.

“As a country, unemployment must come to the centre stage in our recovery for COVID-plan.”

Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: