Labour Party Speaks On Increasing Minimum Wage To N80,000-N100,000
The Labour Party (LP) on Thursday revealed one of the benefits Nigerians will enjoy if its presidential candidate, Peter Obi, wins the 2023 general election.
The party expressed intention to effect a minimum wage of N80,000 to N100,000 if it takes over power.
The Deputy National Chairman of the party, Ayo Olorufemi in an interview with Channels TV condemned the current N30,000 minimum wage.
Olorunfemi said, “It depends on the nature of the job that would be given out. For instance, when you take a cursory look at the manual labour out there, a labourer does not take less than N2,500-N3,000 per day, which is still not okay as far as the reward system is concerned.
“If you divide N3,000 by six hours, you will be talking about N500 per hour.
“So, when you benchmark that against what we have now, certainly, you would be talking of something within the range of N500-N1,000 per hour depending on the nature of work, and at the end of the day, someone can effectively say that he can make up to N4,000 in a day.
“And when you multiply N4,000 in a day by 20 or 25, we are talking about N80,000 or N100,000 in a month.”
