Chukwudi Okafor
(NLC President Joe Ajaero. Photo by Facebook)
The Nigeria Labour Congress (NLC) has warned that without economic stability and a stronger currency, Nigerian workers’ wages—even as high as ₦1 million per month—will remain inadequate.
Speaking in Abuja, NLC President Joe Ajaero highlighted how inflation has devastated the real value of salaries. He argued that prioritizing currency stability and improving living standards is crucial rather than focusing solely on wage hikes.
“Even if workers earn ₦1 million monthly, it loses meaning if the naira’s purchasing power collapses,” Ajaero said, stressing the need for sustainable economic reforms.
He lamented soaring living costs, noting steep increases in housing, food, and transport expenses. Fuel price hikes, he added, have intensified economic strain, worsening workers’ financial struggles.
On minimum wage talks, Ajaero clarified that no negotiations are currently underway, emphasizing legal procedures over rushed political decisions. He assured that discussions would commence at the appropriate time before the current wage structure lapses.
Additionally, he urged swift government action to curb inflation and establish a resilient energy policy to shield Nigerians from global economic shocks.
Addressing pension challenges, Ajaero criticized disarray caused by multiple unions, stating the NLC is collaborating to streamline remittances and restore stability. Ahead of Workers’ Day, he clarified that protests would target only states failing to implement the approved minimum wage.
While most states comply, he cited gaps in local government and education sectors. Reaffirming its commitment, the NLC pledged to advocate policies ensuring worker welfare and long-term economic security.
