N1m wage useless if naira remains weak — Ajaero

The Nigeria Labour Congress has said a monthly salary of N1m is worthless to workers without a stable naira and improved economic conditions.

The NLC President, Mr Joe Ajaero, said this in an interview with the News Agency of Nigeria on Tuesday in Abuja.

He said the organised labour was more concerned about the value of the naira than nominal wage increases, stressing that rising inflation had continued to erode workers’ purchasing power.

According to him, the steady increase in the cost of living has made it difficult for workers to afford necessities, including food, transportation, and housing.

By Agency Report

Full story at Punch NG