Business/Economy

North West NLC proposes N485,000 minimum wage

Supreme Desk
8 March 2024 9:29 AM GMT
North West NLC proposes N485,000 minimum wage
x
The proposed new minimum wage per month should be determined through a comprehensive assessment of the current economic conditions, inflation rates, and basic needs of workers and their families.

The Nigeria Labour Congress in the Northwest Zone has proposed N485,000 as the new national minimum wage for workers in the country.

Supreme News reports that the proposal was contained in a position paper presented on Thursday at the North West Public Hearing.

The hearing was on the Tripartite Committee on National Minimum Wage, held at the Coronation Hall, Government House, Kano.

The Kano State Chairman of the congress, Mr Kabir Inuwa, made the presentation on behalf of the North West leadership

He said the proposal of N485,000 was necessary, considering the dynamics of the national economy.

“It is imperative to propose a new minimum wage that reflects the cost of living and ensures a decent standard of living for workers.

“The proposed new minimum wage per month should be determined through a comprehensive assessment of the current economic conditions, inflation rates, and basic needs of workers and their families.

“The Congress is of the opinion that for any minimum wage to achieve its purpose, it must reflect the realities of the economic situation and accordingly assess the least income that would be sufficient for the survival of a family of six,” Inuwa said.

According to him, it is the estimated monthly expenditure per household (comprising the father, mother, and four children).

The NLC boss noted that the minimum wage act provided all the protection required to ensure compliance.

“This may be initiated by an individual or trade unions. The lack of awareness of the existing laws constitutes rampant contravention of the law, most especially by some state and local governments.

“If the labour unions can initiate a mechanism to explore the provision of the law, it would record minimum defaults,” he said.

He, therefore, stressed the need for the intervention of the Federal Government to ensure compliance by withholding all allocations to any state or public institution that contravened the minimum wage law.

“The removal of fuel subsidies and the Forex policy came at a time when Nigeria’s minimum wage was mature for review.

“The attendant effect of the current economic hardship propelled by hyperinflation renders workers vulnerable,” he said.

Next Story