Amidst the ongoing disagreement between the Nigerian government and the Nigerian Labour Congress (NLC) over the new minimum wage, the presidential flag bearer of the Youth Progressives Party (YPP), Professor Kingsley Moghalu has described the 18,000 which is the initial payment as Poverty Wage.
The presidential aspirant said it will be difficult to lift Nigerians out of poverty by paying such amount to government workers.
He said; “The current minimum wage of N18,000.00 per month is a poverty wage,” said Moghalu.
“At the prevailing exchange rate in the parallel market, which is the most accessible forex market for most Nigerians, our fellow citizens who receive the current minimum wage are living on $1.67 per day.
He however, said Nigerian workers need a higher minimum wage that is sustainable.
He pledged to facilitate agreement on a new minimum wage if he is elected president in 2019.
Meanwhile the NLC has threatened to embark on strike from November 6, if the government fails to accept the new minimum wage of N30,000.
It was reported that the federal government said it is not in support of the Nigerian Governors Forum proposal of N22,500 minimum wage, rather it criticised the governors for the figure saying N22,500 is even below the N24, 000 agreement by the Federal Government.