The Nigerian Labour Congress (NLC) has said the N200,000 it had proposed to the Federal Government as minimum wage was no longer sustainable.
Tommy Etim, the NLC Vice President, who reacted to Tuesday’s inauguration of the Minimum Wage Committee by Vice President Kashim Shettima, at the Presidential Villa in Abuja, explained that this was because of the country’s current deplorable economic situation.
“You are aware that when we opted for the N200,000, the socio-economic challenges were not as biting as they are now,” Etim said.
“And when you now look at the exchange rate, it was not what it is now. The naira rate has not been devalued as it is now. So, N200,000 is no longer tenable.
“We are not going there with a fixed amount, but definitely not N200,000. By the time we get there, we will decide based on the socio-economic situation.
“That’s what we are going to base our national minimum wage discussion and negotiation on.”
