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Peter Obi: Labour Party Hints At Increasing Minimum Wage To ₦‎80,000-₦‎100,000

Peter Obi: Labour Party Hints At Increasing Minimum Wage To ₦‎80,000-₦‎100,000

Peter Obi through Party’s deputy National Chairman Hints At Increasing Minimum Wage To ₦‎80,000-₦‎100,000

If the Labour Party’s presidential candidate, Peter Obi, wins the 2023 election, the party has stated that it will enact a minimum wage of N80,000 to N100,000.

Recall that the Labour Party had, a few days ago, unveiled its manifesto after a long wait with its candidate Peter Obi touting the payment of hourly wages against the current monthly format in the country.

Ayo Olorufemi, the party’s deputy national chairman, said on Thursday’s Sunrise Daily show of Channels Television that:

LP is looking at implementing a new minimum wage of between N80,000 to N100,000 as against the current N30,000.
He 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 labour out there, a labourer 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.”
“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.”

The current N30,000 minimum pay, according to Olorunfemi, does not adequately compensate Nigerian employees for their toil. If the Labour Party wins the center of the country in the upcoming elections, the party would see to it that the new compensation structure is put into place.

“As a matter of fact, you know the amount of oil in the name of oil theft that has been leaving this country,” Olorufemi added. “We know where these things are coming from. They say there is no money but we know these monies have been stashed in the rooms or toilets of a few persons.”

Gistlux Nelson

David is an Entertainment, Sport blogger and a Graphics designer. He is on a mission to help everyday entertainment news, Gossips, Sports and Legit online making tips.

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