₦airaland Forum

Alliswell248:
Make it 10 million naira.
Ai is here to stay, some of you would be replaced with ai.

Lazy people

Abeg tell them. Them think say them dey do us.

Una for make am 10 billion naira minimum wage.

Mtcheww

At least S100. This country self

Apcshit:
Thunder wey go fire you dey do press up

Nah for you and your loved ones

brain54:
1 million naira indeed...


Say something realistic!

Yes 1M might sound ridiculous but trust me 1M is nothing today, way back as at 2004, 100k then is more than 1M today. Purchasing power of Naira is nothing to write home about. If we should tell ourselves the truth no workers is supposed to be earning less than 500k

what workers deserve is for their "take home pay" to "take them home"

Iseddy:
Yes 1M might sound ridiculous but trust me 1M is nothing today, way back as at 2004, 100k then is more than 1M today. Purchasing power of Naira is nothing to write home about. If we should tell ourselves the truth no workers is supposed to be earning less than 500k

The question is not if it is a lot of money or not...


The question is 1 million realistic for monthly minimum wage?

dominique:
The spokesperson for the Nigeria Labour Congress, Benson Upah, has described the proposed N100,000 national minimum wage being considered by state governors as unrealistic, arguing that Nigerian workers should earn as much as N1 million monthly, given prevailing economic conditions.

Upah stated this in an interview with The PUNCH on Sunday while reacting to comments by the Chairman of the Nigeria Governors’ Forum and Governor of Kwara State, AbdulRahman AbdulRazaq, who disclosed that governors were considering a new national minimum wage of N100,000.

AbdulRazaq, in a Facebook post on Saturday, said the proposal was informed by rising inflation, increasing living costs and the growing financial burden on Nigerian workers.

According to the governor, state governments were already engaging the Federal Government and organised labour to arrive at a wage structure that balances workers’ welfare with fiscal sustainability.

Reacting to the proposal, Upah said although the governors’ consideration of a wage review was commendable, N100,000 was significantly below what workers require to cope with current economic realities.

“We consider it thoughtful of the Kwara State governor to propose this, but certainly, N100,000 falls far below the realistic figure,” he said.

The labour leader cited the continued depreciation of the naira, rising inflation, increases in electricity tariffs, higher fuel prices, declining purchasing power and the impact of new tax measures as factors making a substantially higher wage necessary.

“Given the realities around the exchange rate, inflation, raised tariffs, the surge in the pump price of petrol and associated costs, the decline in the purchasing power of the average worker, and the effects of the new tax regime on our cost of living, the realistic figure, subject to status quo maintenance, would be N1 million,” he stated.

Related News
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Labour rejects N100,000 minimum wage proposal
Upah argued that government revenues have improved significantly and should support enhanced remuneration for workers.

“In light of the earnings by governments, this should not be a big issue. Check what is being shared at FAAC. The windfall from the Middle East war has put over N5tn in the treasury. Even though this is temporary, it is nonetheless very good for governments,” he added.

The NLC spokesman further stressed that the workforce remains the most valuable asset of any nation and should be adequately compensated to ensure productivity and economic growth.

“Finally, please note that the greatest asset of any nation is its workforce,” he said.

The debate over workers’ wages has intensified amid worsening economic conditions following the removal of fuel subsidies and the floating of the naira by the Federal Government.

In July 2024, the Federal Government approved a new national minimum wage of N70,000 after prolonged negotiations with organised labour. However, labour unions have continued to argue that inflation and rising living costs have significantly eroded the value of the wage.

Recent increases in electricity tariffs, transportation costs and food prices have further fuelled demands for another wage review, with labour leaders insisting that workers’ salaries should reflect prevailing economic realities.

The Nigeria Governors’ Forum has yet to formally present any proposal on a new minimum wage framework to the Federal Government or organised labour.

https://punchng.com/n100000-minimum-wage-too-low-workers-deserve-n1m-nlc/

@dominique

Kindly respond to the request made to you by Tabbaz some days back.

It's still pending.

Thank you.

Even the N1m is too much for those unproductive parasites.

Took me more than 2 years to renew my Nigerian driver's license and these sloths want a million?

Parachoko:
Nah for you and your loved ones

You never see anything yet

Nigeria can't afford it

nonny1212:
I think 500k $350/ per month is very fair.

Apcshit:
You never see anything yet

K

1m nibo? then a bag of rice will be 500k and pure water 20k per bag

brain54:
The question is not if it is a lot of money or not...


The question is 1 million realistic for monthly minimum wage?

It is bad governance and corruption that makes you think it's not realistic. The man is just trying to say what workers deserve in this current economy.
Do you know that in 2004 you can get over 160 bags of cement for 100k but today 1M cannot get you 100 bags of cement.
A lot of people are seeing 1M as one big money in this economy 😂.
Imagine minimum wage currently is around $50 is shameful na. At least $300 to $500 would be fair

NLC is just stupid.

Iseddy:
It is bad governance and corruption that makes you think it's not realistic. The man is just trying to say what workers deserve in this current economy.
Do you know that in 2004 you can get over 160 bags of cement for 100k but today 1M cannot get you 100 bags of cement.
A lot of people are seeing 1M as one big money in this economy 😂.
Imagine minimum wage currently is around $50 is shameful na. At least $300 to $500 would be fair

Being realistic is factoring bad governance and corruption...


What is deserved is different from what is realistic.


I'm not arguing with you 1m is a lot of money. I'm just saying it's not realistic as minimum wage based on the situation available at the moment!

onyxo76:
1m nibo? then a bag of rice will be 500k and pure water 20k per bag

😂 Minimum wage does not really cause increase in price of items..... larger drivers of price increases are often:
Currency depreciation (a weaker naira makes imports more expensive).
Higher fuel and transportation costs.
Electricity and energy costs.
Supply chain disruptions.
Interest rates and money supply.
Security issues affecting agricultural production.
Taxes, tariffs, and government policies.

Hmmm ... let us know how much he's paying his house helpers.

SmartPolician:
The inflation rate is alarming. If state governors increase the minimum salary, prices of goods and services will increase as if everyone works for the government.

A lot Nigerians have refused to see the reality of increasing minimum wage in naira which makes Nigerians more poorer.

These NLC act as if na only their workers dey this Nigeria... No wonder people pay A LOT to join government work

Na only their matter them dey consider, what happens to others that ain't government workers?

NLC should fight for something that'll affect ALL Nigerians positively, not just a selected few

yorke1:
LOL. Is this a joke? They deserve it, considering how much politicians take home monthly

Are you ready for massive price increment and more poverty?

epainos:
This is a signal that Nigeria is about to burst. 1m. This kind of inflation ...eh! As in part two will be notirious if this happens.

Nigeria is going to be the next Zimbabwe where citizens we push wheelbarrow loads of money to buy a loaf of bread.

Freshtruth:
Theid 1m intop dying economy

Zimbabwe loading.......

brain54:
Being realistic is factoring bad governance and corruption...


What is deserved is different from what is realistic.


I'm not arguing with you 1m is a lot of money. I'm just saying it's not realistic as minimum wage based on the situation available at the moment!

I get your point.

Iseddy:
Yes 1M might sound ridiculous but trust me 1M is nothing today, way back as at 2004, 100k then is more than 1M today. Purchasing power of Naira is nothing to write home about. If we should tell ourselves the truth no workers is supposed to be earning less than 500k

The value of money is inversely proportional to the volume of money. This means the higher the minimum wage in naira, the more naira becomes valuesless with more Nigerians thrown into poverty.

nonny1212:
I think 500k $350/ per month is very fair.

₦500,000 to $15 is the reality awaiting since basic monetary economics is difficult to understand

onyxo76:
1m nibo? then a bag of rice will be 500k and pure water 20k per bag

Leave them to defend for more sufferings.

Happy Medium is N150K. NLC needs to realize there would be wage adjustments and states need to be able to afford the salaries.

dominique:
The spokesperson for the Nigeria Labour Congress, Benson Upah, has described the proposed N100,000 national minimum wage being considered by state governors as unrealistic, arguing that Nigerian workers should earn as much as N1 million monthly, given prevailing economic conditions.

Upah stated this in an interview with The PUNCH on Sunday while reacting to comments by the Chairman of the Nigeria Governors’ Forum and Governor of Kwara State, AbdulRahman AbdulRazaq, who disclosed that governors were considering a new national minimum wage of N100,000.

AbdulRazaq, in a Facebook post on Saturday, said the proposal was informed by rising inflation, increasing living costs and the growing financial burden on Nigerian workers.

According to the governor, state governments were already engaging the Federal Government and organised labour to arrive at a wage structure that balances workers’ welfare with fiscal sustainability.

Reacting to the proposal, Upah said although the governors’ consideration of a wage review was commendable, N100,000 was significantly below what workers require to cope with current economic realities.

“We consider it thoughtful of the Kwara State governor to propose this, but certainly, N100,000 falls far below the realistic figure,” he said.

The labour leader cited the continued depreciation of the naira, rising inflation, increases in electricity tariffs, higher fuel prices, declining purchasing power and the impact of new tax measures as factors making a substantially higher wage necessary.

“Given the realities around the exchange rate, inflation, raised tariffs, the surge in the pump price of petrol and associated costs, the decline in the purchasing power of the average worker, and the effects of the new tax regime on our cost of living, the realistic figure, subject to status quo maintenance, would be N1 million,” he stated.

Related News
Workers threaten indefinite strike over wages, insecurity
Tinubu reforms stabilised economy, welfare lags – CPPE
Labour rejects N100,000 minimum wage proposal
Upah argued that government revenues have improved significantly and should support enhanced remuneration for workers.

“In light of the earnings by governments, this should not be a big issue. Check what is being shared at FAAC. The windfall from the Middle East war has put over N5tn in the treasury. Even though this is temporary, it is nonetheless very good for governments,” he added.

The NLC spokesman further stressed that the workforce remains the most valuable asset of any nation and should be adequately compensated to ensure productivity and economic growth.

“Finally, please note that the greatest asset of any nation is its workforce,” he said.

The debate over workers’ wages has intensified amid worsening economic conditions following the removal of fuel subsidies and the floating of the naira by the Federal Government.

In July 2024, the Federal Government approved a new national minimum wage of N70,000 after prolonged negotiations with organised labour. However, labour unions have continued to argue that inflation and rising living costs have significantly eroded the value of the wage.

Recent increases in electricity tariffs, transportation costs and food prices have further fuelled demands for another wage review, with labour leaders insisting that workers’ salaries should reflect prevailing economic realities.

The Nigeria Governors’ Forum has yet to formally present any proposal on a new minimum wage framework to the Federal Government or organised labour.

https://punchng.com/n100000-minimum-wage-too-low-workers-deserve-n1m-nlc/

Gboss247:
The value of money is inversely proportional to the volume of money. This means the higher the minimum wage in naira, the more values less it becomes and more Nigerians will be thrown into poverty.

Ask yourself was it minimum wage that is causing this current hardship? All this problem started with the removal of subsidy and floatation of exchange rate. The subsidy money where is going into? Instead they are still borrowing more money on top increase in taxes... Because workers are crying out some of you are seeing them as enemies of the masses

Gboss247:
Zimbabwe loading.......

You are not current 😂