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Why workers’ salary must be increased annually from now — Labour

The Organised Labour has offered reasons why the salary of Nigerian workers must be increased annually, beginning from 2025.

The President of the Trade Union Congress, Festus Osifo, offered the reason when he appeared on a Channels Television programme.

Osifo, who was a guest on the Monday edition of: “Politics Today,” said: “What we are pushing on for Labour is that instead of you (the government) waiting for five years to increase the minimum wage, you will now look at the inflation of the last five years and try to make some adjustments.

“Why can’t we reflect the inflation on an annual basis?”

Osifo said members of the TUC as well as their colleagues in the Nigeria Labour Congress have begun talks in this regard.

He added: “For example, we have entered January 2025, by the 15th of January 2025, the National Bureau of Statistics is going to release the inflation figure for December.

“So, what we are pushing for as Labour is that if, for example, the inflation figure is 35 percent, apply that 35 percent to the N70,000 minimum wage so that it will become reflective of what the true value is.

“When we get to 2026, you will also do a similar application.

“That is actually what we are pushing.

“We shouldn’t be waiting for five years.

“In the new Act, now it is three years to do those adjustments, but we could be doing them systematically by applying the inflation as of December of the preceding year to what the minimum wage is.

“This is part of the position that we are also going to canvass this year.

“We started the conversation last year, but we will continue it in 2025.”

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