₦1m salary worthless without stable Naira.
The Nigeria Labour Congress (NLC) has stated that earning a monthly salary of ₦1 million would hold little value for workers without a stable naira and improved economic conditions. NLC President, Joe Ajaero, said the focus of organised labour goes beyond nominal wage increases, stressing that inflation continues to erode workers’ purchasing power. He noted that the rising cost of living has made it increasingly difficult for workers to afford […]