The Nigerian Labour Congress (NLC) stated that the previously suggested N200,000 minimum wage to the Federal Government is no longer viable given the current economic conditions in Nigeria.
NLC Vice President Tommy Etim made this comment in response to Vice President Kashim Shettima’s inauguration of the Minimum Wage Committee at the Presidential Villa in Abuja on Tuesday.
However, Etim said: “You are aware that when we opted for the N200,000, the socio-economic challenges were not as biting as they are now.
“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.”
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