According to the Labour Party, if Peter Obi, the party’s presidential candidate, wins the 2023 election, a minimum wage of N80,000 to N100,000 will be put into effect.
Remember that the Labour Party recently unveiled its platform after a lengthy delay, with Peter Obi, its candidate, praising the payment of hourly wages as opposed to the nation’s current monthly format.
The party’s Deputy National Chairman, Ayo Olorufemi, said on Thursday’s episode of Channels Television’s Sunrise Daily that the LP is considering replacing the current N30,000 minimum wage with one that ranges from N80,000 to N100,000.
He said, “It depends on the nature of the job that would be given out. For instance, when you take a cursory look at the manual labour out there, a labourer 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.”
