27.1 C
Lagos
Sunday, July 20, 2025

Mail

spot_img

NLC Eyes Special Cost-of-Living Allowance as Inflation Bites Harder

The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) are pushing for a cost-of-living allowance (COLA) to support workers amid rising inflation. This move comes just months after the ₦70,000 minimum wage was approved.

During the May Day celebration, NLC President Joe Ajaero and TUC President Festus Osifo emphasized the need for wage adjustments. They argue that the new minimum wage agreed upon in 2024 had in effect been rubbished by higher cost of living.

“We asked how much of the ₦70,000 they wanted to pay would go towards transport? What about basic needs? How much is housing?” Ajaero stated. “We tabulated the costs of cooking gas, a bag of rice, and other essentials. The government team didn’t have any response.”

The unions had hoped for a wage tied to inflation, ensuring automatic adjustments as prices rise. However, the government declined this proposal. Despite initial agreements, the value of the ₦70,000 wage has diminished due to inflation and the removal of fuel subsidies.

Ajaero noted, “Even the wage award they gave as relief has stopped. You can see that we have every right to demand a cost of living allowance to address our current situation.”

Reclaiming Civic Space Amid Economic Challenges

The theme for this year’s May Day, “Reclaiming the Civic Space in the Midst of Economic Hardship,” reflects the unions’ concerns about limited avenues for expressing grievances. Ajaero remarked, “These days, market women can give you a clear analysis of the rate of the dollar.” He questioned, “Does the dollar affect the sale of amala and vegetables?”



He further explained, “When the economy is haunting us, we need to shout out, to speak out. But when we cry out, we are met with threats and attacks if we go to the civic space to talk.”

Drawing parallels to past protests, Ajaero recalled, “This is similar to what happened during the anti-Structural Adjustment Programme (SAP) protests.” He emphasized the importance of open dialogue in a democracy.

Looking Ahead: Labour’s Next Steps

The NLC and TUC plan to advocate for COLA and other relief measures. They argue that the funds saved from subsidy removal should benefit workers directly. Ajaero pointed out, “The president has acknowledged that the money now goes to the governors. But the governors don’t seem to be doing anything with it.”

He added, “In some states, they are not even paying wages.” The unions believe that without immediate interventions, the economic situation for workers will continue to deteriorate.

🗓️ Don’t Miss Out on Events Around You!
Check out our Events Calendar for upcoming happenings in your location. Submit Your Events Too!!!
Rate, Like 👍, Comment, share this article and Follow us on our social media handles.
0 0 votes
Article Rating
- Advertisement -
spot_imgspot_img
Subscribe
Notify of
guest

This site uses Akismet to reduce spam. Learn how your comment data is processed.

0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
spot_img
JolibaLive News!
JolibaLive News!http://joliba.com.ng
Summaries of important Nigerian, African and global news - 24/7
LISTEN TO THE NEWS

Related Articles

Click Target 💠 For Your Local Weather Update

Lagos
overcast clouds
26.8 ° C
26.8 °
26.8 °
71 %
3.7kmh
99 %
Sun
28 °
Mon
28 °
Tue
29 °
Wed
29 °
Thu
29 °
- Advertisement -spot_imgspot_img

Follow Us

1,650FansLike
8FollowersFollow
0FollowersFollow
0FollowersFollow
27FollowersFollow
4SubscribersSubscribe

Subscribe to our Newsletter

Latest news updates sent each morning direct to your mailbox.

Latest Articles

0
Would love your thoughts, please comment.x
()
x