Hon. Olugbenga Edema, a governorship aspirant under the All Progressives Congress (APC) in Ondo State, has advocated for a significant increase in the minimum wage for workers in Nigeria. In a statement released in Akure, the state capital, Edema saluted workers across the country, emphasizing the need for a substantial raise in the minimum wage to improve their standard of living.
Expressing appreciation for the hard work and dedication of workers, Edema highlighted the importance of ensuring their financial stability amidst economic challenges. He argued that the current minimum wage of N70,000 was inadequate and called for it to be raised to at least N250,000 per month, calculated at a rate of N1,250 to a dollar.
Drawing comparisons to historical wage levels and the prevailing economic conditions, Edema stressed the urgency of addressing the demand for a new minimum wage. He pointed out that the cost of living continues to rise, making it unsustainable for workers to rely on a minimum wage that does not meet their basic needs.
Edema emphasized the significance of prioritizing the well-being of workers and providing them with a wage that allows for a decent standard of living. He underscored the need for action to ensure that workers are adequately compensated for their contributions to the growth and development of the state and the country as a whole.