Sunday, July 5, 2026

2024 national minimum wage should factor in galloping inflation: NLC

The removal of subsidies on petroleum products “has further worsened the challenges faced by working people,” Mr Ajaero said.

• December 5, 2023
NLC president Joe Ajaero and President Bola Tinubu
NLC president Joe Ajaero and President Bola Tinubu

The Nigeria Labour Congress says the commencement of negotiations for the new national minimum wage in 2024 will be based on the prevailing cost of living in the country.

Joe Ajaero, NLC president, said this at the ongoing 19th edition of the NLC 2023 Harmattan School, organised by the Congress on Tuesday in Abuja.

The school is part of the NLC schools, where it trains and empowers members of its affiliated unions through skill development.

Mr Ajaero, represented by Benjamin Anthony, NLC vice-president, said it was necessary for the government at all levels to recognise that life and living conditions are exceedingly difficult.

The NLC boss stated, “The removal of subsidies on petroleum products has further worsened the challenges faced by working people; that is unleashing severe pain and contributing to galloping inflation and increasing inequality and poverty.”

Mr Ajaero added, “We must reckon that a well-motivated and well-remunerated workforce has a positive impact on productivity and national development. 

“As we anticipate the commencement of negotiations for the national minimum wage in 2024, we seek the understanding of all stakeholders to ensure that we use this opportunity to arrive at a minimum wage commensurate with the prevailing cost of living.”

He said the ultimate goal is to establish a living wage that covers the cost of living and make allowances for some savings by the workers.

Mr Ajaero explained that the recent assault on workers and their leaders in Imo poses a grave threat to freedom of association and collective bargaining.

“This is as enshrined in Section 40 of the 1999 Constitution of the Federal Republic of Nigeria as amended and the ILO Conventions 87 and 98 on Freedom of Association and Collective Bargaining.

“This should unequivocally be condemned by all people of goodwill. The only thing that can ease our pains is for the Imo government to address all labour issues. They are also to return the so-called ‘ghost workers’ to their jobs, pay all outstanding salaries and pensions, and call back all victimised workers to their jobs,” the labour leader explained.

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Oyo abducted pupils and teachers.

States

Rescue operation ongoing for abducted Oyo pupils, teachers: Army chief

The victims were abducted on May 15 from three schools in the Orire Local Government Area of Oyo.

Gov. Radda vows zero tolerance for gender, child abuse

States

Gov. Radda vows zero tolerance for gender, child abuse

The governor pledged sustained collaboration with relevant stakeholders to strengthen prevention, response, and support mechanisms for GBV victims.

Xenophobia Attacks

Diaspora

Consulate demands justice as another Nigerian killed in South Africa

The consulate called on the South African government to launch an investigation into all alleged murder cases and prosecute perpetrators.

Hockey game used to illustrate the story

Sport

Sports commission reaffirms commitment to hockey revival

Dikko said President Bola Tinubu approved the nationwide rehabilitation of sports infrastructure.

Flood

Ibadan

Oyo govt. desilts waterways to avert flooding

The commissioner said the second phase is currently ongoing across critical river channels and flood-prone locations.

U.S. President Donald Trump

World

U.S. 250th Anniversary: Trump launches $1,000 investment accounts for babies

Trump Accounts is central to the administration’s push to ‌promote investing and financial literacy from an early age.