The highest paid lawmakers in the world are (hopefuly) promulgating a minimum wage of $125 a month for the vast majority of Nigerians. And they worry about inflationary effects?
Daily Trust
9 February 2011
The House of Representatives has said that it will expedite action on the new National Minimum Wage bill forwarded to it by President Goodluck Jonathan and pass it next month, Deputy Speaker Usman Bayero Nafada, has said.
Nafada said this yesterday while addressing a delegation of the Nigeria Labour Congress (NLC) and leaders of 39 affiliated labour unions in the country, led by NLC President Comrade Omar Abdulwaheed who visited him at the National Assembly, Abuja
"As a House, we have done it before and we are determined to do it again before the expiration of our tenure; it would be within the next 20-30 days at most," Nafada told the labour leaders.
He however appealed for caution in order to control the effect of the price hike which could lead to inflation in the economy thereby increasing the cost of living.
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