Finding Balance between a Living Wage and a National Minimum Wage

A country’s national minimum wage is the lowest wage an employer is required by law to pay any employee. The minimum wage ensures a baseline standard of living for all employees, protecting them from exploitation and severe poverty. Consequently, it has far-reaching implications for daily life, as it affects the purchasing power of workers, the cost of goods and services, and overall economic stability.

Organized labour has consistently emphasized that it is seeking a living wage, not just a minimum wage, the government and the organized private sector may appear to focus solely on a basic minimum. In addition to the inflation challenges the country is facing, Nigerian workers have been significantly underpaid. The organized labour seeking to address this is requesting a substantial increase in the minimum wage, which at first glance, may seem excessive.

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