The Federal Government of Nigeria has giving the Nigerian Labour till the end of this month to present a figure to be adopted as the country’s minimum wage. So what should the NLC consider in coming up with a figure. Jimi Tewe, Chief Executive Officer of The Jimi Tewe Company joins CNBC Africa to discuss this.
Ongoing controversy surrounding Nigeria's minimum wage have spike debates on what should be the ideal minimum wage. While Nigeria currently pays N18,000 as minimum wage, just under 50 US Dollars, labour unions and the citizenry want more in line with current economic realities. CNBC Africa took to the street of Lagos to sample opinions.
Supporters of a minimum wage say it can stimulate growth as workers can spend more while reducing inequality.