₦airaland Forum

Nigeria Labour Congress (NLC), Comrade Adams Oshiomhole, says current Nigerian workers are poorer than those who worked for country in the past.

Oshiomhole, a former governor of Edo State, also decried the present N70,000 minimum wage, arguing that the celebrated wage when converted to dollars, is equivalent to $42.

The former labour leader stated this at National Institute of Security Studies, Abuja, during a distinguished personality lecture organised for members of the Executive Intelligence Management Course 17.


Comparing the first minimum wage in the country under the administration of Shehu Shagari as President, he noted that the N125 minimum wage at that time was equivalent to $160.


Speaking on the title of the lecture: “National Minimum Wage: Reward system and productivity in Africa”, he said, “When Minimum wage in Nigeria was established under President Shagari, I think around 1981. It was around N125 which was about $160 a month.

“Today, with the fat increase, 100% increase that the labour achieved last year, which is now being implemented this month, according to our current exchange rate is $42.

“So, if you divide N70,000 by N1,650, it gives you $42. So, the working people are much more poorer now than we were so many years ago. So, this opportunity will depreciate, and that affects the quality of life and everything.”


The former NLC president called on the federal government and other states generating high revenues to pay workers more than the agreed N70,000 minimum wage.

Oshiomole also called for the expansion of minimum wage law to domestic staff among others through the amendment of the law.

He said, “But again, if you look at the law in Nigeria, which I hope will be able to amend very soon, although the federal government and the states have agreed on a minimum wage, for example, at 70,000, there are still people who are paying less than that.

“Even under the law, because it says you have to have about 25 to 50 employees minimum for that law to be applicable to a particular enterprise. But with the changing technology, a small ICT company employing 10 people can generate so much turnover. So using the number of employees was appropriate when the economy was more broad-driven not with ICT.”

VeeVeeMyLuv:
PBAT abi TPAIN isn't it lovely? 🌹

Helinues and crew oya come out from your caves and defend this calamity

JASONjnr:
The biggest mistake anyone in this era will do is to serve in government as a civil servant when they can easily set themselves up for a business that can grow within a space of time.

Business is striving these days as workers salaries are peanuts and can't even afford a family of 2 for a month.

Bobloco:
https://dailytrust.com/nigerian-workers-poorer-than-before-oshiomhole/

RickyJesus:
How can businesses strives when workers earn peanuts dumbass?

RickyJesus:
How can businesses strives when workers earn peanuts dumbass?

JASONjnr:
The biggest mistake anyone in this era will do is to serve in government as a civil servant when they can easily set themselves up for a business that can grow within a space of time.

Business is striving these days as workers salaries are peanuts and can't even afford a family of 2 for a month.

Mindlog:
That equivalent of $42 per month salary is somebody's per hour wage.

JASONjnr:
Ignorant bastard.... Is it only civil servants that goes to the market to purchase things?

Or don't you know the percentage of civil servants to non-civil servants has a very wide margin?