Minimum wage: How we arrive at N615,000 minimum wage - NLC, TUC - NEWS FRONTIER DAILY


Friday, May 3, 2024

Minimum wage: How we arrive at N615,000 minimum wage - NLC, TUC

The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have justified the proposed N615,000 minimum wage for workers in a breakdown on Friday.

According to the Organised Labour, food and transportation are to take the larger portions of the minimum wage based on the rising food prices and cost of fuel.

The details were contained in a statement released by the NLC entitled: ‘2024 National minimum wage negotiation: How we arrived at N615, 000,’ on Friday.

Recall that both NLC and TUC presidents – Joe Ajaero and  Festus Osifo – respectively have maintained in separate statements that the N615,000 minimum wage proposal reflects the current situation.

Meanwhile, in his May Day message to workers, President Bola Tinubu said an upward review of the minimum wage is imminent.

According to NLC, the food was put at N9,000 a day multiplied by 30 days (month) which equals N270,000.

Also, NLC pegged N110,000 for transportation per month; while housing/accommodation was N40,000 a month.

Others included Electricity/Power at N20,000 a month;  Utility/Water at N10,000 for monthly use; as well as Kerosene/Gas at N35,000 per month.

Medicals for a month was N50,000;  Clothing for a month was N20,000; Education for a month was N50,000; while Sanitation for a month was N10,000.    

Defending the proposal, Organised Labour said Nigerian workers grapple with the high cost of living resulting from rising inflation, which stood at 33.20 per cent in March 2024.

Ajaero also said governors can afford to pay the proposed N615,000 minimum wage if they get their priorities right.

He said, “If you are talking about being realistic, the N615,000 demand is the most realistic. Being realistic is not about slave wage.

“However, N30,000 is big money if inflation is brought down, and at a single digit.

In the statement, the Labour leader said the N615,000 excludes expenses on calls and data, offerings in churches and mosques, community dues, entertainment, savings and security and others making the most realistic.

According to him, the listed above are, therefore, just for the bare necessities.

It said the new minimum wage began on April 19, adding, “It has become imperative at this point that we inform Nigerians,  who may not have already known the foundations upon which our initial demand for a N615,000  new National Minimum Wage is based upon.”

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