A ₦1 Million Minimum Wage Would Collapse Nigeria’s Economy, Says Joe Ajaero

Author: dailypost.ngPublished on: October 29, 2026Country: Nigeria

Business & Economy

A ₦1 Million Minimum Wage Would Collapse Nigeria’s Economy, Says Joe Ajaero

Nigeria Labour Congress President Joe Ajaero said in a Thursday interview on Channels Television that a ₦1,000,000 minimum wage would collapse the Nigerian economy. As the union and the federal government discuss a minimum-wage review, he said the priority should be reducing the cost of living and strengthening the currency’s purchasing power. His comments follow the federal government’s approval of a ₦70,000 transport allowance for workers amid rising fuel prices and living costs.

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