The Nigeria Labour Congress (NLC) has decried the government’s response to inflation and requested yearly wage adjustments from the President Bola Ahmed Tinubu-led federal government.
The remark and request were made by NLC President Joe Ajaero while speaking at the National Employers Consultative Association (NECA) forum.
He said: “No matter what amount you negotiate in the present Nigerian economy, in the next five years, it can’t buy a bag of rice.
“There is a need to tinker with the law providing for five yearly renegotiations of the national minimum wage to allow for a yearly adjustment of wages based on the level of inflation and value of the naira.
“This is important because people have been coming up to say that if we increase salaries, it will affect inflation, but should we keep salaries constant while other variables continue to grow?”
Ajaero slammed the government’s implementation of the N35,000 minimum wage, claiming non-compliance and delayed January salaries for federal workers.
“It took you 24 hours to say fuel subsidy is gone and is taking you more than eight months to decide what to do with it, and you are telling us to give you more time. It took 24 hours to remove fuel subsidy, but after more than eight months, no single CNG bus is on the road,” he said.
