“There is a recognition of the fact that the purchasing
power of the workers across the board including directors, permanent
secretaries not to talk of those on levels one to four, has dropped radically
and you need to beef it up.
“In a market economy, there are even countries where wages
are indexed to the weight of inflation. So, I think there is a shared
commitment that wages should go up and go up radically as much as prices have
skyrocketed,” he said.
Recall that the federal government had assured the Nigerian
workers that the new minimum wage will take effect from May 1, 2024.
This followed the Federal Government’s approval of 25 per
cent and 35 per cent salary increments for the remaining six consolidated
salary structures