LP: We will increase minimum wage to N80,000 if Obi is elected president

The Labour Party has said that if its presidential candidate wins the 2023 election, the country’s minimum wage can be as high as N80,000 to N100,000.

The Deputy National Chairman of the LP, Ayo Olorunfemi, said this on Channels Television’s Sunrise Daily programme.

Olorunfemi said the party is looking at implementing N80,000 to 100,000 as the new minimum wage depending on the job as against the present N30,000 which he said does not reflect the reality of Nigerians.

This is following the long awaited manifesto unveiled by the LP with Obi selling the idea of payment of hourly wages as against the country’s monthly format.

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.

“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