N1m Salary Useless without Strong Economy

N1m salary useless without strong economy

The Nigeria Labour Congress (NLC) says even a monthly salary of ₦1 million will not be meaningful to workers if Nigeria does not have a stable currency and a stronger economy. The NLC President, Joe Ajaero, said this in an interview with the News Agency of Nigeria (NAN) on Tuesday in Abuja. He said workers are more concerned about the value of the naira than just increases in salary. He warned that inflation has continued to reduce what people c…

'₦1 Million Salary Has No Value Without Strong Naira' – NLC President, Ajaero

The Preisdent of the Nigeria Labour Congress (NLC), Joe Ajaero, has said a monthly salary of ₦1 million will not be meaningful to Nigerian workers if the country does not have a stable currency and stronger economy. Naija News reports that Ajaero in an interview with NAN on Tuesday in Abuja, said workers are more […] The post ‘₦1 Million Salary Has No Value Without Strong Naira’ – NLC President, Ajaero appeared first on Naija News.

N1 million salary worthless without stable Naira, says NLC

The Nigeria Labour Congress (NLC) says a monthly salary of ₦1 million is worthless to workers without a stable naira and improved economic conditions.Mr Joe Ajaero, NLC President, said this in an interview with the News Agency of Nigeria (NAN) on Tuesday in Abuja.He said organised labour was more concerned about the value of the naira than nominal wage increases, stressing that rising inflation had continued to erode workers’ purchasing power.Ac…