Inflation eroding minimum wage value, says NLC

Punch Newspapers
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Published 2 May 2021
The Nigeria Labour Congress said on Friday that the inflation rate of 18.17 per cent has reduced the value of the N30,000 minimum wage.
The Chairperson, NLC Lagos State Council, Funmi Sessi, told our correspondent in an interview that the challenges faced by workers were enormous.
She said the news of the minimum wage was no longer exciting to workers, considering the increase in prices of many items, as well as the increased electricity tariff.
According to her, the workers are suffering these increases because of the incompetence of the government and the appointment of people into office based on the sentiments of the region and party loyalties.

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