Labour Party to increase minimum wage from N30,000 to N100,000 if elected into office in 2023

The presidential aspirant of one of the political parties making huge waves in the Nigeria politics right now Peter Obi has just recently released his manifestos.

Amongst other things that was briefed in the manifestos is the introduction of a hourly wage rate as against the monthly wages that is used in the country

Hourly wages is a system that is made use of in the first world countries like the United States and Europe.

Even though emphasis was not made on the stable wage rage, the deputy national chairman of the party, Ayo Olorunfemi has in a recent interview on Channels Television said that they are looking at implementing a news wage range.

According to him, the party is looking at implementing a new minimum wage of about N80,000 to N100,000 as against the current monthly wage of N30,000

However, he stated that the nature of a give job will determine what the rate will be.

According to him “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.”

Olorunfemi maintained that N80,000 to N100,000 is the new wage model that the party is looking to implement if it assumes power come 2023. “that is exactly where we are going!” he said.

Talking about the current minimum wage, he stated that the present N30,000 that is obtainable does not in any way reflect the realities of what is on ground.

Further explaining his point, he said “As a matter of fact, you know the amount of oil in the name of oil theft that has been leaving this country, we know where these things are coming from. They say there is no money but we know these monies have been stashed in the rooms or toilets of a few persons.”

However, this is coming as a surprise to many because they believe that the party is trying to use this new wage implementation to score political advantage in the forthcoming general election in 2023

This is rightly so, because even the N30,000 that was an increase from the previous rate of N18,000 that was implemented by the current administration has not yet bene fully adopted by all the states in the country talk more of further increasing it.

What do you think about this? Do you think that the Labour party can pull this off, after all the party is a party for the working force.