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Home›News›Increased minimum wage makes no difference- Comedian, Alibaba shares thoughts

Increased minimum wage makes no difference- Comedian, Alibaba shares thoughts

November 8,2018
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It is no longer news that the minimum wage for Nigerian civil servants has been increased from N18,000 to N30,000. Based on this recent development, ace comedian, Alibaba shared his thoughts on the new increase as advocated by the Nigerian Labour Congress.

According to him, if the current exchange rate doesn’t drop and fuel is still imported, then the increased minimum wage will make no difference.

On social media, he wrote:

“Market forces will swallow up that salary increase in 3-months. The quality of life has to be much better. The exchange rate has to drop to say N100 to $1, and with fuel still being imported, no chance of that happening”

However, he still celebrated the increase from N18,000 to N30,000, with these words:

“Hey let’s celebrate, minimum wage is now N30,000. Some governors who have not been able to pay 18k must now pay 30k. Oya let’s dance jare”

TagsAlibabaAllure VanguardComedianExchange rateFuel pricesImportMinimum Wagenews
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