This is what 'Minimum Wage' in Nigeria really means

This is what 'Minimum Wage' in Nigeria really means

click photo for more information
This is what 'Minimum Wage' in Nigeria really means
This article explains what minimum wage means and walks you through the fight for minimum wage in Nigeria. So, you have heard the term ‘minimum wage’ being bandied all over the place since you came of age. You have seen workers embarking on a strike on account of minimum wage. You grew up to learn […]
0
21

This is what 'Minimum Wage' in Nigeria really means

This article explains what minimum wage means and walks you through the fight for minimum wage in Nigeria.

So, you have heard the term ‘minimum wage’ being bandied all over the place since you came of age.

You have seen workers embarking on a strike on account of minimum wage.

You grew up to learn that labour unions and the government can embark on a strike when there is a disagreement over minimum wage.

This article will explain what minimum wage really means and why it’s so important for workers in Nigeria and elsewhere in the world.

What is the meaning of minimum wage?

Minimum wage basically means the lowest salary permitted by law or agreed upon, following negotiations between the labour union and government.

Minimum wage encompasses workers in the private and public sectors because private sector players are members of labour unions or the nation's labour force.

 

It is the least amount you should pay anyone in your country as monthly take home. Of course you can earn far higher than a nation’s minimum wage but you shouldn’t earn lesser than the minimum wage.

When labour says it is negotiating for a minimum wage, it is doing so for every worker in that nation’s geographical space.

Let’s touch on the history of minimum wage in Nigeria

The first President of the Nigeria Labour Congress (NLC) was a man named Hassan Sunmonu. He was elected President of the NLC in 1978.

Before Sunmonu, there was no structured minimum wage for Nigerian workers.

When political office holders were handed a pay rise at the time, Sunmonu’s NLC commenced agitation for a structured minimum wage.

In 1981, the NLC clamoured for a minimum wage of N300. When the Shehu Shagari led federal government refused to pay this amount, labour called for a nationwide strike that paralysed the economy.

Eventually, the Shagari administration and Sunmonu led NLC settled for a minimum wage of N125.

In 1989, labour asked for a new minimum wage. During this period, Pascal Bafyau was NLC President. When it got down to negotiations, a certain Adams Oshiomhole who was Bafyau’s deputy, led the talks with the government. The minimum wage was increased to N250 afterwards.

 

Between 1989 to 2001, the minimum wage went from N250 to N3000 and from N5,000 to N7,500.

In 2010, President Goodluck Jonathan increased the nation’s minimum wage to N18,000.

Labour has been holding talks with federal government for a review of the minimum wage and the government has just announced that N24,000 will be the new minimum wage.

Three NLC Presidents after Bafyau—Adams Oshiomhole, Abdulwahed Ibrahim Omar and Ayuba Wabba, were instrumental to the review of the minimum wage from the late ‘80s to the present day.

Why are minimum wages reviewed periodically and is N24,000 a good minimum wage right now?

As inflation rises and the purchasing power of the average Nigerian reduces, the minimum wage has to be periodically reviewed upwards.

 

Inflation is currently in double digits, the Nigerian economy only just emerged from its worst recession in 25 years and economic growth has been sluggish under President Buhari. All of which means that the value of the Naira in your pocket has depreciated and you need more money to purchase the same amount of goods.

The N24, 000 proposed as new minimum wage remains painfully inadequate for millions of Nigerians, it has to be said.

However, even at N18,000, most State Governors were unable to meet obligations to workers in the civil service. If the minimum wage is increased too high to say N50,000, several States would be owing workers backlog in salaries.

In the final analysis, Nigeria's minimum wage is often a no-win situation for everyone.

Latest embarrassment leaves Mourinho running out of time at Man Utd

click photo for more information
Latest embarrassment leaves Mourinho running out of time at Man Utd
Manchester United had not lost to Liverpool in the Premier League for eight games and over four years prior to Sunday’s 3-1 defeat, but the current chasm between the two sides was exposed as Jose Mourinho’s men fell 19 points behind the league leaders at Anfield. Continue reading Latest embarrassment leaves Mourinho running out of […]
5
9

Offset finally reveals why he went public with his apology to his estranged wife Cardi B

click photo for more information
Offset finally reveals why he went public with his apology to his estranged wife Cardi B
Offset has revealed why he went public with his apology to Cardi B, following several call out posts against him for stopping his estranged wife’s performance halfway. Taking to Twitter to explain why he went public with his apology with Cardi B, offset wrote; All of my wrongs have been made public, i figure It’s […]
3
4

Erotic dancer Zodwa Wabantu posts pictures exposing naked butt

click photo for more information
Erotic dancer Zodwa Wabantu posts pictures exposing naked butt
Zodwa Wabantu does not care so much about the comments of persons antagonizing her wild style. South Africa's Zodwa Wabantu inspires more discussion about her wild style after she displays on social media some pictures revealing her naked butt. It is just living life to the fullest and having fun for the erotic dancer who […]
2
10

Finance: Acquisition of Diamond Bank by Access Bank sealed, awaiting regulatory approval

click photo for more information
Finance: Acquisition of Diamond Bank by Access Bank sealed, awaiting regulatory approval
Access Bank Plc acquisition of Diamond Bank has been sealed and awaiting regulatory approval and procedures, according to multiple sources. Acquisition of Diamond Bank by Access Bank Plc has been sealed and awaiting regulatory approval and procedures, multiple sources confirmed. In a report by TheCable, the acquisition was facilitated by the Central Bank of Nigeria […]
0
11

Tech: 8 cities and towns where you can get a home for free — or buy one at a massive discount

click photo for more information
Tech: 8 cities and towns where you can get a home for free — or buy one at a massive discount
Cities and towns have taken to giving away abandoned properties for free, or at minimal prices. Many cities and towns have taken to giving away abandoned homes for free, or selling them at minimal prices. Some local governments even offer stipends or discounts to encourage buyers to renovate old properties. While the offerings may seem […]
0
10

Zainab Balogun, Ahmed Musa, Simi, Samson Itodo win at The Future Awards Africa 2018 | See Full List

click photo for more information
Zainab Balogun, Ahmed Musa, Simi, Samson Itodo win at The Future Awards Africa 2018 | See Full List
Samson Itodo receiving his award as Young Person of the Year The 20 winners of the 2018 edition of The Future Awards Africa (TFAA) were honoured at the awards ceremony which took place on Sunday, December 16th. See full list of winners Prize for Acting Zainab Balogun Prize for Advocacy Uche Kenneth  Prize for Agriculture Ayodele Sipasi […]
1
9

John Dreyz – “Don’t Go Away” (Prod. By Ckay)

click photo for more information
John Dreyz – “Don’t Go Away” (Prod. By Ckay)
John Ogugua Nwachukwu who goes by his stage name “John Dreyz” is known for his afrobeat sensational vibes and story telling about real life settings. “Don’t Go Away” is a sensational song produced by Chocolate City act/producer CKAY. The song is about an artiste/musician who met a girl in Kumasi,Ghana. She fell in love with […]
21
9

Christmas, New Year: IGP releases security arrangements,orders CPs to beef up security

click photo for more information
Christmas, New Year: IGP releases security arrangements,orders CPs to beef up security
THE Inspector General of Police, Ibrahim Idris,has ordered Commissioners Of Police and Assistant Inspector Generals Of Police to beef-up security nationwide,ahead of Christmas and New Year celebrations. Continue reading Christmas, New Year: IGP releases security arrangements,orders CPs to beef up security at Vanguard News Nigeria. Related
25
11

Boko Haram: Troops repel terrorists infiltration at Gudumbali, lose Soldier

click photo for more information
Boko Haram: Troops repel terrorists infiltration at Gudumbali, lose Soldier
The Nigerian Army said on Sunday that its toops of Operation Lafiya Dole located at Gudumbali in northern Borno State on Friday 15th December 2018 repelled an infiltration by suspected Boko Haram terrorists that came disguised as civilian Internally Displaced Persons and inserted themselves in the community. The terrorists took advantage of the ongoing distribution […]
0
12

Ndigbo in Lagos endorses Sanwo-Olu

click photo for more information
Ndigbo in Lagos endorses Sanwo-Olu
The aspiration of the Lagos State All Progressives Congress (APC) governorship candidate, Mr Babajide Sanwo-Olu, to govern the state got a major boost yesterday, with Igbo residents picking him as their sole candidate for the top seat. Continue reading Ndigbo in Lagos endorses Sanwo-Olu at Vanguard News Nigeria. Related
2
10

Offset crashes Cardi B’s Performance to beg for Forgiveness | Watch

click photo for more information
Offset crashes Cardi B’s Performance to beg for Forgiveness | Watch
Offset is not ready to let his estranged wife, Cardi B, go. The two music stars are currently not on good terms after news of Offset cheating on Cardi B surfaced online. Cardi B had earlier shared a video saying she was filing for a divorce. On his birthday on Friday, Offset had posted a […]
14
8

National Sports Festival: Obaseki visits Edo contingent, as sports fiesta ends in Abuja

click photo for more information
National Sports Festival: Obaseki visits Edo contingent, as sports fiesta ends in Abuja
Edo State Governor, Mr Godwin Obaseki, has visited athletes representing the state in Abuja, as the curtain closes on the 2018 National Sports Festival. Continue reading National Sports Festival: Obaseki visits Edo contingent, as sports fiesta ends in Abuja at Vanguard News Nigeria. Related
20
12
load more posts