Breakdown of the Proposed N615,000 Minimum Wage By Organized Labour

The breakdown of the proposed N615,000 Minimum Wage by Organized Labour has emerged.

 

NewsOnline Nigeria reports that the Organized Labour, consisting of the Nigeria Labour Congress, NLC, and the Trade Union Congress, TUC, has outlined details of its proposed N615,000 minimum wage.

 

This Nigeria news platform understands that the details were contained in a statement released by the NLC on Friday.

 

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According to the statement, Food and Transportation took the larger proportion of the proposed minimum wage.

The breakdown showed that N270,000 (for thirty days) was benchmarked for Food and N110,000 for Transportation.

 

Others are Electricity/Power (N20,000), Accommodation (N40,000), Utility Water (N10,000), Kerosene/Gas (N35,000), Clothing (N20,000), Education (N50,000), Sanitation (N10,000) and Medicals (50,000) resulting to a total sum of N615,000.

 

Recall that Festus Osifo, President of TUC and Joe Ajaero, the President of NLC, in separate statements, had revealed the N615,000 minimum wage proposal.

 

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

 

The development comes as Nigerian workers grapple with high cost of living resulting from rising inflation, which stood at 33.20 per cent in March 2024.