Labour says N200,000 minimum wage is no longer realistic

The Nigerian Labour Congress has said that the N200,000 minimum wage it earlier proposed to the Federal Government was no longer realistic, considering the country’s current economic situation.
This statement was disclosed through its National Vice President, Tommy Etim, while reacting to Tuesday’s inauguration of the Minimum Wage Committee by Vice President Kashim Shettima.
Etim, in an exclusive interview on Tuesday, emphasised that the congress would base its national minimum wage negotiation on the current economic reality rather than what it earlier proposed.
He said, when they opted for the N200,000, the socio-economic challenges were not as biting as they are now, noting that the exchange rate as change, adding That naira rate not been devalued as it is now.