In a candid interview on Arise TV, the president of the Trade Union Congress, Festus Osifo illustrated the extent to which the union had compromised by reducing its initial demand for a N615,000 minimum wage to the current N494,000. Despite this concession, he felt that the government was not being flexible enough.

The Video from 10:47, He expressed frustration at the devaluation of the Naira, comparing the currency’s current value to its higher worth in 2011 and 2019.

He reiterated the union’s concern that the wage offer was inadequate in light of the currency’s devaluation and the resultant increased cost of living.

See also  Flooding: Reaction After GRV Advised Lagos Govt To Apply G-Can System In Tokyo Or Dykes In Holland

He said, “Labour also shifted ground from N615,000 to where we are today, N494,000 and we are still prepared to shift ground but the government is no longer willing to move from where they are. All we told them was that we are today is $40, we were $120 in 2011 in terms of value of the currency. In 2019, where we were was something around $92 to $95. So, you can not be giving us this and you think that you have done well for us. No, our problem is actually the value of what they are offering, it’s not the volume.”….Sée Móre

See also  It Was A Woman Who Saved Otti When Enemies Of Abia Wanted To Thwart The People's Will - Athan Achonu

You Remembered The Lady Who Removed 6 Ribs Years Ago, See Current Condition Of This 30 Years Old Lady

Leave a Reply

Your email address will not be published. Required fields are marked *

"Grow Your Business With Us!

Connect with our large audience to showcase your business. boost brand visibility, Engage new customers and increase sales. Let's help you expand your market!

Contact us on WhatsApp at: +2349025293494 to begin today!"

Discover more from

Subscribe now to keep reading and get access to the full archive.

Continue reading