In a breakdown on Friday, the Trade Union Congress (TUC) and the Nigeria Labour Congress (NLC) defended the proposed N615,000 minimum pay for workers.
Based on the rising cost of gasoline and food, the Organized Labor claims that food and transportation should receive a higher share of the minimum wage.
The information was included in a statement issued by the NLC on Friday with the heading "2024 National minimum wage negotiation: How we arrived at N615, 000."
Remember that the N615,000 minimum wage proposal, according to separate declarations from Joe Ajaero, the president of the TUC, and Festus Osifo, the president of the NLC, both represent the current reality.
Meanwhile, President Bola addressed workers in a May Day statement According to Tinubu, the minimum wage will soon be reviewed increased.
NLC claims that the cost of the meal was N9,000 per day multiplied by 30 days (a month), or N270,000.
Additionally, NLC calculated that a monthly transportation cost of N110,000 would cost N40,000 for housing and accommodations.
Other costs were N20,000 for electricity and power, N10,000 for utilities and water, and N35,000 for gas and kerosene per month.
The monthly costs for medical care, clothing, education, and sanitation were N50,000, N20,000, and N10,000, respectively.
Organised Labour, in support of the plan, stated that workers in Nigeria struggle with the high cost of living brought on by growing inflation, which was recorded at 33.20 percent in March 2024.
"If you are talking about," he remarked The most reasonable demand, in terms of realism, is N615,000. Having a slave wage is not being practical.
On the other hand, N30,000 is a significant amount of money if inflation is reduced to a single digit.
The Labour leader claimed in the statement that the N615,000 is the most realistic amount because it does not include costs for calls and data, donations to mosques and churches, community dues, entertainment, savings, and security, among other things.
He claims that the items on the above list are consequently just for the absolute essentials.
"It has become imperative at this point that we inform Nigerians, who may not have already known the foundations upon which our initial demand for an N615,000 new National Minimum Wage is based upon," the statement continued, stating that the new minimum wage went into effect on April 19.
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