The Labour Party has promised to enact a minimum salary of N80,000 to N100,000 if it wins the 2023 presidential election.
After much anticipation, the Labour Party recently published its platform, with presidential candidate Peter Obi praising hourly pay as an improvement over the nation’s present monthly system.
Ayo Olorunfemi, the party’s deputy national chairman, said the LP is considering adopting a new minimum salary of between N80,000 and N100,000 as opposed to the N30,000 that is now available on Channels Television’s Sunrise Daily.
“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,” he said on the show.
“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.”
When asked to further clarify his comment, the LP chieftain maintained that the party is eyeing “N80,000-N100,000” as a new monthly minimum wage, noting that “that is exactly where we are going!”
He believes that the current N30,000 minimum salary does not accurately reflect the situation, and if the Labour
“As a matter of fact, you know the amount of oil in the name of oil theft that has been leaving this country,” Mr Olorufemi added. “We know where these things are coming from. They say there is no money but we know these monies have been stashed in the rooms or toilets of a few persons.”Party is elected in 2019 it will exploit loopholes and find new strategies to ensure that the new wage structure is put into place.