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Naira Devaluation: Nigerian Union Workers Demand Pay Raise by fkaz(m): 4:21pm On Dec 14, 2014
The Trade Union Congress, TUC, has said it will demand wage increase for workers in the New Year following the devaluation of the naira by the Central Bank of Nigeria, CBN.

The National President of the Congress, Bobboi Kaigama, disclosed this at the end of the Congress’ National Executive Council Meeting in the early hours of Sunday in Lagos.

Mr. Kaigama said the wage hike had become necessary because the current devaluation had started impacting negatively on Nigerian workers.

He added that “the issue of wage is a dynamic thing. In stabilised economies, wages are directly proportional to the inflation trend of that country.

“So, it is expected that following the devaluation of the naira and its resultant rise in inflation, salaries of workers should automatically be increased too.

“But in this country, even after devaluation of the currency, there will not be any increase in workers’ salary and that is bad.

“The moment devaluation is put in place the prices of goods and services surge, there should be a proportional increase in the workers’ pay.”

He, therefore, said “if the issue on devaluation persist, the Congress will have no option but to enter the New Year with a demand for increase in workers’ pay.’’

The TUC boss added that the fall in crude oil price in the international market should be translated into a fall in the price of refined products in the country.
Mr. Kaigama explained that the price of petrol should be brought down to N50 per litre.

“If government says that the price of crude oil has fallen in the global market, it means that the price of products will also fall in the country.

“If truly we are working with the dynamics of market principles, we expect that the price of products should drop.
“We want N50 per litre for oil,’’ he said.

The union leader said that the delay in the passage of the Petroleum Industry Bill on the floor of the National Assembly would push unions and Nigerians to the wall for a corresponding action.

(NAN)

http://www.premiumtimesng.com/news/headlines/173239-naira-devaluation-nigerian-workers-demand-pay-rise.html

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Re: Naira Devaluation: Nigerian Union Workers Demand Pay Raise by DancingSkeleton(m): 4:24pm On Dec 14, 2014
They re right smiley.








FTC. All thanks to baba cool
Make I sip small SHEKPE before I turn baddoo

1 Like

Re: Naira Devaluation: Nigerian Union Workers Demand Pay Raise by BUSHHUNTER: 4:24pm On Dec 14, 2014
EKITI STATE GOVERNMENT PAY ME MY STATE ALLOWANCE 2013 BATCH C.














Corper Weeeeeeeeeeee Oooooo
Re: Naira Devaluation: Nigerian Union Workers Demand Pay Raise by vicoloni(m): 4:24pm On Dec 14, 2014
I think the sensible thing to do is to at least wait till after February presidential elections before embarking on any industrial action otherwise the motivation is purely 'stomach infrastructure'!

3 Likes

Re: Naira Devaluation: Nigerian Union Workers Demand Pay Raise by holatin(m): 4:26pm On Dec 14, 2014
Naira devaluation, fall in oil price, insurgent, corruption
What a fresh air.

Please someone say Jonathan till 2019

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Re: Naira Devaluation: Nigerian Union Workers Demand Pay Raise by MOORCHMOORE(m): 4:26pm On Dec 14, 2014
Re: Naira Devaluation: Nigerian Union Workers Demand Pay Raise by YoursGEJ(m): 4:26pm On Dec 14, 2014
the pump price of petrol also needs to be decreased. crude oil is selling for half of its original price and govt is still paying 1 trillion naira in subsidy. To whom? Are they still buying at the old price?

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Re: Naira Devaluation: Nigerian Union Workers Demand Pay Raise by MOORCHMOORE(m): 4:26pm On Dec 14, 2014
Re: Naira Devaluation: Nigerian Union Workers Demand Pay Raise by Nobody: 4:27pm On Dec 14, 2014
Re: Naira Devaluation: Nigerian Union Workers Demand Pay Raise by epospiky(m): 4:27pm On Dec 14, 2014
Actually the workers are right. There has to be some adjustments, serious one for that matter. The price of fuel is the most concerned. If fuel price has dropped in the international market it implies that it has to incline within the country. There very true. How can there be devaluation in naira and the prices of items shoting up while the basic salary of workers remain still. They're not in any way proportional. Something has to be done.

5 Likes

Re: Naira Devaluation: Nigerian Union Workers Demand Pay Raise by LEXYCOM: 4:27pm On Dec 14, 2014
Ok....I will look into it
Re: Naira Devaluation: Nigerian Union Workers Demand Pay Raise by skullbaba: 4:27pm On Dec 14, 2014
Ok. We don hear. Fresh air (from hell) till 2019 says TANist

1 Like

Re: Naira Devaluation: Nigerian Union Workers Demand Pay Raise by QuiverBox(f): 4:28pm On Dec 14, 2014
YoursGEJ:
.
MOORCHMOORE:
[quote author=vicoloni post=28876134][/quote]

Shame no dey catch una?

1 Like

Re: Naira Devaluation: Nigerian Union Workers Demand Pay Raise by EmmaOgbu(m): 4:28pm On Dec 14, 2014
I need $500
Re: Naira Devaluation: Nigerian Union Workers Demand Pay Raise by AdeniyiA(m): 4:28pm On Dec 14, 2014
mtscheeeew ... bunch of toothless bulldogs undecided
Re: Naira Devaluation: Nigerian Union Workers Demand Pay Raise by Pavore9: 4:29pm On Dec 14, 2014
lt is disheartening and it is not even in GEJ's priority for now as he is massaging himself in readiness for the February electoral battle!

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Re: Naira Devaluation: Nigerian Union Workers Demand Pay Raise by mesoade(m): 4:29pm On Dec 14, 2014
And the man is talking as if nigeria government cares about it's citizen

1 Like

Re: Naira Devaluation: Nigerian Union Workers Demand Pay Raise by angelTI(f): 4:29pm On Dec 14, 2014
Gej till 2015!

3 Likes

Re: Naira Devaluation: Nigerian Union Workers Demand Pay Raise by ify23ng: 4:29pm On Dec 14, 2014
Good talk
Re: Naira Devaluation: Nigerian Union Workers Demand Pay Raise by eightsin(m): 4:30pm On Dec 14, 2014
Mehn.. this country is in for a rough ride next year
Re: Naira Devaluation: Nigerian Union Workers Demand Pay Raise by kennydee05(m): 4:30pm On Dec 14, 2014
F page
This people are giving GEJ tough time due to his bad economy policy
Vote the people's General for the valuation of Naira
GEJOUT 2015
Sai Buhari

6 Likes

Re: Naira Devaluation: Nigerian Union Workers Demand Pay Raise by alotofgrace(m): 4:30pm On Dec 14, 2014
are suppose to b fighting for a pay rise or a stronger Naira?

Please consider the case of Zimbabwean inflation b4 u decide
Re: Naira Devaluation: Nigerian Union Workers Demand Pay Raise by egift(m): 4:30pm On Dec 14, 2014
Impact of poor economic policies of President Goodluck Jonathan and his economic team.

2 Likes

Re: Naira Devaluation: Nigerian Union Workers Demand Pay Raise by IBROHIM: 4:30pm On Dec 14, 2014
Tell them o! The govt is only fast to implement policies that would further bring hardship to the masses! God we are in your hands o!

2 Likes

Re: Naira Devaluation: Nigerian Union Workers Demand Pay Raise by Nobody: 4:30pm On Dec 14, 2014
Ok Noted....
Re: Naira Devaluation: Nigerian Union Workers Demand Pay Raise by Nobody: 4:31pm On Dec 14, 2014
Happy harmattan season nairalanders
Re: Naira Devaluation: Nigerian Union Workers Demand Pay Raise by akoaki(m): 4:32pm On Dec 14, 2014
Why are they waiting till next year? Nigeria's labour is the most docile in the globe The unions have been paying lip service to the yeanings of the members for too long. And the average worker is continually impoverished.
Re: Naira Devaluation: Nigerian Union Workers Demand Pay Raise by 15Sirdeen(m): 4:32pm On Dec 14, 2014
so?
Re: Naira Devaluation: Nigerian Union Workers Demand Pay Raise by smartleo(m): 4:32pm On Dec 14, 2014
GEJ is certainly in trouble with the current economic situation in our nation ...I just pray the INEC not to be a party to bloodshed by rigging the 2015 election in favour of any political party,let the vote of the people count.As far as I'm concern,GEJ and his team don't deserve anyother term,I don't care who wins the election,all I want is change,enough of PDP.....

8 Likes

Re: Naira Devaluation: Nigerian Union Workers Demand Pay Raise by teddyflexz: 4:32pm On Dec 14, 2014
Workers salary need 2 b increased weda devaluation or not....

1 Like

Re: Naira Devaluation: Nigerian Union Workers Demand Pay Raise by nationwide1(m): 4:33pm On Dec 14, 2014
Agitating so that he will use workers' heads and swell his bank account because once monetary gagging is effected he will begin to align with the government. There is nothing like TUC/NLC in Nigeria after the days of Comrade Oshiomole.

2 Likes

Re: Naira Devaluation: Nigerian Union Workers Demand Pay Raise by Sylvarresta(m): 4:33pm On Dec 14, 2014
That's good, my mum go increase my own pocket money too....

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