Labour Party suggests raising the minimum wage to between N80,000 and N100,000.

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If the Labour Party’s presidential candidate, Peter Obi, wins the 2023 election, the party has stated that it will enact a minimum wage of N80,000 to N100,000.

Recall that the Labour Party just revealed its platform after a lengthy delay, with Peter Obi, one of its candidates, praising the hourly wage system as an improvement over the nation’s current monthly system.

Ayo Olorufemi, the party’s deputy national chairman, said on Thursday’s Sunrise Daily episode of Channels Television that the LP is considering replacing the existing N30,000 minimum salary 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.”

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