The Nigeria Labour Congress (NLC), alongside several unions representing federal government workers, has called for an urgent review of the country’s minimum wage, arguing that the current ₦70,000 monthly salary is no longer sustainable in the face of rising inflation and the high cost of living.
Rising Cost of Living
Union leaders noted that the value of the naira has continued to decline, while the prices of essential goods such as food, fuel, and transportation have surged dramatically over the past year. According to the NLC, the ₦70,000 wage, introduced as part of a recent adjustment, can barely cover the average worker’s basic needs.
“What workers are earning today is not a living wage. It does not guarantee food security, housing, healthcare, or education for the average Nigerian family,” one union representative said.
Call for Government Action
The unions are urging the Federal Government to immediately begin negotiations on a new wage structure that reflects current economic realities. They argue that failure to act swiftly may result in widespread industrial actions across the country.
Economic Pressures
Nigeria has been battling persistent inflation, with food inflation in particular driving up the cost of living for millions. Analysts say unless wages are adjusted to match inflation, more families risk falling below the poverty line.
What Happens Next?
The federal government has yet to issue an official response, but sources within the Labour Ministry have hinted that discussions may soon open between labour leaders and government officials.
If talks break down, Nigerians may face another round of strikes and protests, potentially disrupting essential services.