THE President of Nigeria Labour Congress (NLC), Dr. Ayuba Wabba, has emphasised that the N18,000 minimum wage is no longer realistic, considering the nation’s economic situation.
Wabba, who spoke at his maiden news conference in Abuja yesterday, noted that the negative impact of the falling global price of crude oil at the international market on the country’s economy made it imperative to review the minimum wage.
He said with the devaluation of the Naira by the Central Bank of Nigeria, the purchasing power of the average worker had reduced.
Wabba added that in the face of dwindling economic fortunes, the labour movement would dialogue with the Federal Government and other employers of labour to protect the workers’ interest.
![[The Nigerian Economy Daily] FG has approved the closure of five foreign missions and embassies](https://nairametrics.com/wp-content/uploads/2017/05/nigerian-economy-today-1.jpg?resize=350,250)
