• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, June 8, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Minimum Wage Increase Won’t Solve Workers’ Problem – Adebayo

by Chibuzo Ukaibe
1 year ago
in Politics
Share on WhatsAppShare on FacebookShare on XTelegram

Amid the clamour by organised Labour for an upward review of workers’ wages, presidential candidate of the Social Democratic Party (SDP) in the 2023 elections, Prince Adewole Adebayo, has said wage increase would have little or no economic impact on the living condition of Nigerians at this point of hyperinflation in the country.

Advertisement

He said Labour should rather focus on the purchasing power of the Naira, adding that possessing more money does not translate to improved quality life.
Recall that following the demand by Labour, the federal government set up a tripartite committee to address the issue.
Adebayo however said it is not the volume of money in one’s hands that matters but what the money can buy.

He said: “There are things we need to understand in basic economics. Having more money does not guarantee you anything. Everybody who’s living today has more money than Julius Caesar. Anybody who’s living today has more money because at that time, the entire British economy was not up to one billion pounds for the first 1000 years of her existence. Purchasing power is what is important.
“So, what we should focus on is what the money can buy, not the volume of money that is with the minimum wage. How much was my father earning when he married my mother? He was not earning 20,000 pounds at that time a year. So, now can you pay anybody 20,000 a week and the person will not curse you?”

He argued that what is needed is to increase productivity so that the purchasing power of the Naira will be strengthened and workers will enjoy whatever amount they receive as the minimum wage.
“But, you have to increase the volume of housing available. You have to increase the volume of foodstuff available. You have to increase the number of classrooms available. You have to increase the spaces available for productivity by making sure you ramp up production,” he said.

Adebayo noted that the organised labour does not represent the interest of a greater number of Nigerians as only a few Nigerians belong to the organisation.

RELATED

‘I Can’t Follow You To APC’, Akwa Ibom Commissioner Tells Gov Eno, Resigns

‘I Can’t Follow You To APC’, Akwa Ibom Commissioner Tells Gov Eno, Resigns

1 day ago
Press Freedom Day: Gov Eno Tasks Journalists On Constructive Reportage   

BREAKING: ‘I’m Now Making Progressive Move’, Akwa Ibom Gov Announces Defection To APC

1 day ago

He said: “As for organised labour, they are a subset of the Nigerian political class. They don’t represent the workers. I am not saying that to insult the present leadership or anything. No, it is just the structural part of it. Before you can be a member of the NLC or the TUC, you must have a job. And there are more people without jobs than people with jobs.”


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

START EARNING US DOLLARS as a Nigerian ($35,000) monthly. Companies are sacking their workers due to AI (artificial intelligence), business owners are in panic mode. Only the smart will make it. Click here


SendShareTweetShare
Previous Post

FCT Natives Demand Chairman, Secretary Positions In CSC

Next Post

Malnutrition In Benue, Threat To Nigeria’s Food Security – Varsity Don

Chibuzo Ukaibe

Chibuzo Ukaibe

You May Like

‘I Can’t Follow You To APC’, Akwa Ibom Commissioner Tells Gov Eno, Resigns
Politics

‘I Can’t Follow You To APC’, Akwa Ibom Commissioner Tells Gov Eno, Resigns

2025/06/06
Press Freedom Day: Gov Eno Tasks Journalists On Constructive Reportage   
News

BREAKING: ‘I’m Now Making Progressive Move’, Akwa Ibom Gov Announces Defection To APC

2025/06/06
Enugu IPAC Applauds CP On Efforts To Sustain Peace
Politics

IPAC Urges Unity, Peace, Sacrifice As Nigerians Mark Eid-el-Kabir

2025/06/06
I’ve No Plan To Join APC – Ex-PDP Guber Candidate
Politics

I’ve No Plan To Join APC – Ex-PDP Guber Candidate

2025/06/06
Adeleke Approves N1.6bn Bond Certificates For Retirees
Politics

PDP Flays APC Over Alleged Disrespect Of Tinubu

2025/06/06
FCT Minister Directs Demolition Of Abuja Community For Presidential Fleet Plot
Politics

Why Nigeria Needs Tinubu – Wike

2025/06/06
Leadership Conference advertisement

LATEST

Expert Calls For Urgent Action On Neonatal Jaundice In Nigeria

Fuel Subsidy Removal Saved Nigeria From Bankruptcy – NOA

Netizens React To Nigerian Prophet’s ‘Healing’ Of Dumb, Paralysed Man After 36 Years In US

Gov Zulum Donates N100m To Wounded Soldiers, Families Of Slain Troops

LP Mourns Late CJN Uwais, Seeks Implementation Of Report On Electoral Reforms

Tennis: Gauff Beats Sabalenka To Win French Open Title

‘I Never Begged Wike For Money’, TV Anchor Reuben Abati Refutes FCT Minister’s Aide’s Claims

Singer Darey Art Alade, Wife Escape Unhurt After Their Car Catches Fire On 3rd Mainland Bridge

Civil War Was For Unity, Not Hatred — Gowon

Nnamdi Kanu Is Prisoner Of Conscience — IPOB

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.