Spokesperson for the Nigeria Labour Congress, Benson Upah, speaks with DARE AKOGUN on why organised labour believes Nigerian workers deserve a minimum wage of N1m, the impact of President Bola Tinubu’s economic reforms, among other issues
You recently argued that Nigerian workers deserve a minimum wage of N1m rather than the N100,000 being considered by governors. How did the NLC arrive at that figure, and what economic assumptions underpin your calculation?
The argument is rooted in the realities confronting Nigerian workers today. When you examine the combined effects of fuel subsidy removal, exchange-rate liberalisation, tariff hikes, increased taxation, and the growing debt burden, it becomes clear that workers have suffered a dramatic decline in purchasing power.
In less than three years, fuel prices have risen by over 600 per cent. Electricity tariffs have increased by more than 260 per cent for certain categories of consumers. Telecommunications tariffs have also gone
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