N1m minimum wage will collapse Nigerian economy — NLC President, Ajaero

The President of the Nigeria Labour Congress, Joe Ajaero, has explained wherefore a N1,000,000 minimum wage would illness the Nigerian economy.

He disclosed this during an interrogation connected Channels Television connected Thursday.

Ajaero said that portion the NLC and the Federal Government were successful talks implicit a minimum wage review, the existent contented was to trim the outgo of surviving and boost the purchasing powerfulness of the country's currency.

Ajaero stressed that the authorities indispensable archetypal code the underlying factors driving the precocious outgo of surviving and fortify the purchasing powerfulness of the country's currency.

"N1,000,000 minimum wage volition illness the Nigerian economy," helium stated.

His comments travel arsenic the Federal Government precocious approved a N70,000 transport allowance for workers amid rising substance prices and the expanding outgo of living.

N1m minimum wage volition illness Nigerian system — NLC President, Ajaero