Minimum Wage Might Reach N80,000 To N100,000 Under Obi – LP

The Labour Party (LP) has stated that the nation’s minimum salary might reach N80,000 to N100,000 if its presidential candidate wins the 2023 election.

Ayo Olorunfemi, the LP’s deputy national chairman, made this statement during the Sunrise Daily program on Channels Television.

According to Olorunfemi, the party is considering changing the current N30,000 minimum wage—which, in his opinion, does not accurately reflect Nigerians’ reality—to a range of N80,000 to 100,000 depending on the work.

This comes after the long-awaited LP manifesto, in which Obi promoted the idea of hourly compensation rather than the nation’s current monthly system.

Explaining further the deputy LP chairman 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 labourer out there, he 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.

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“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. N80,000-N100,000 that is exactly where we are going!”

“The Nigerian Labour Congress and the Trade Union Congress have been brought in and plans are underway. When we get there you would see how this thing would work and I can assure you that Nigerian workers will be happier.

“We don’t have to expose how it will be implemented before they mess it up,” he added