Tinubu’s ‘age of prosperity’ yet to reach Nigerian workers – Ajaero

Joe Ajaero, President of the Nigeria Labour Congress (NLC), has criticized President Bola Tinubu's proclaimed "age of prosperity," stating it has yet to improve the living conditions of Nigerian workers. During a podcast discussion, Ajaero highlighted that rising costs for petrol, food, transportation, and accommodation have significantly diminished the value of the N70,000 minimum wage.

He expressed optimism that the government's promises could eventually materialize, but noted that despite a potential slowdown in inflation, Nigerians are still grappling with the consequences of previous inflationary increases. The NLC agreed to the N70,000 minimum wage in part due to assurances from the government that the effects of fuel subsidy removal would be mitigated through measures like compressed natural gas (CNG) transportation, vehicle conversion kits, cash transfers, and other interventions.

However, Ajaero expressed disappointment that many of these promises have either been underimplemented or have not provided substantial relief. He emphasized that workers' welfare is contingent not only on salary increases but also on the overall cost of living and the value of the naira. Ajaero pointed out that even a high minimum wage of N500,000 would be insufficient if it does not cover essential expenses such as housing.

Regarding fuel pricing, he argued that if crude oil were imported at favorable rates, petrol could be sold for approximately N500 per liter. He also criticized the sluggish deployment of CNG infrastructure, pointing out that the limited number of CNG buses and refueling stations has done little to alleviate transportation costs.

Ajaero further criticized the Federal Government's lack of engagement with organized labor, warning that unresolved issues over wages and workers' welfare could lead to industrial action. He faulted President Tinubu, former Vice President Atiku Abubakar, and Labour Party candidate Peter Obi for sharing similar market-driven economic perspectives. Ajaero concluded by noting that Tinubu's "age of prosperity" has yet to reach Nigerian workers.