Why N1 million minimum wage may not be enough

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Why N1 million minimum wage may not be enough
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President of the Nigeria Labour Congress , Joe Ajaero, has lamented the high cost of living occasioned by the removal of fuel subsidy by President Bola Tinubu.

Ajaero said this during the 13th quadrennial national delegates conference of the National Union of Textile Garment and Tailoring Workers of Nigeria in Abuja on Tuesday. “We need to look at all variables in the determination of the new minimum wage. No matter what you pay workers today, the value will go down in the next year.”

The labour leader said 12 years after the sector was privatised by the administration of former President Goodluck Jonathan, the power supply has not improved.His words: “I was one of the persons who said privatisation was not the solution to the power crisis in the country. Twelve years later, we are worse off. While tariffs are on the increase, power supply is nosediving. We need some intervention in the sector because no sector can survive in this present situation.

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