Under Obi -LP, Minimum Wage Might Be N80,000

According to the Labour Party, if its presidential candidate wins the 2023 election, the country’s minimum salary might rise to N80,000 to N100,000.

Ayo Olorunfemi, the LP’s Deputy National Chairman, stated this on Channels Television’s Sunrise Daily show.

Olorunfemi stated that the party is considering establishing a new minimum salary of N80,000 to 100,000 depending on the work, as opposed to the current N30,000, which he claims does not reflect the realities of Nigerians.

This is following the long awaited manifesto unveiled by the LP with Obi selling the idea of payment of hourly wages as against the country’s monthly format.
Explaining further the deputy LP chairman 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 labourer out there, he 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.

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“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. N80,000-N100,000 that is exactly where we are going!”

“The Nigerian Labour Congress and the Trade Union Congress have been brought in and plans are underway. When we get there you would see how this thing would work and I can assure you that Nigerian workers will be happier.

“We don’t have to expose how it will be implemented before they mess it up,” he added

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