The Senate President, Sen. Bukola Saraki has declared that the country can no longer continue with the present N18, 000 minimum wage for workers. He said this on Thursday while addressing the Nigerian labour Congress (NLC) and Trade Union Congress (TUC) members, who protested to the National Assembly for Good governance and support for the fight against corruption.
The Senate President said with the high exchange rate and inflation in the country, the government is left with no option than to adjust the current minimum wage to enable the workers cope with the present harsh economic realities. ‘The challenges are enormous.
I commend your action. Part of the contributions you are making is the sacrifice you have made today. This is your second time here and it is because of the respect I have for you that made me to come out myself to see you since I am around.
‘As many times you have been coming, I have come out to receive you because I agree with you that we have problem in the land. Yes, we have problem and for that we have to make our country better. ‘The challenges are enormous and already, I believe that there is hunger in the land. Today, as you all have observed, the exchange rate is high, the inflation is high, the price of food have gone up.
The only thing that has remained low is the salaries. We cannot continue like that. ‘What we need to do is to sit down and work out how we are going to make the necessary adjustments because we go to the same market and it is no fault of yours that things are the way they are,’ he said.