N200,000 Minimum Wage: Ogun Politician Oguntoyinbo Backs TUC

Ogun politician, Olufemi Ajadi Oguntoyinbo has said that N200,000 per month as salary is not too big for workers.

Oguntoyinbo was the New Nigeria Peoples Party (NNPP) gubernatorial candidate in the 2023 general election in Ogun State.

His statement is coming on the hills of the recommendation by the Trade Union Congress (TUC) at its meeting with the Presidential Committee on Sunday.

During the meeting, TUC had proposed N200,000 as minimum wage for workers across the country.

Oguntoyinbo, who made the assertion in a statement made available on Wednesday also declared support for the proposal by TUC.

He said everything including the cost of food and transportation has gone up hence the need to increase the minimum wage.

He explained that an average worker in the country will be suffocated if the minimum wage falls below N200,000

He also advised the Federal Government led by President Bola Ahmed Tinubu to judiciously channel the removed subsidy on infrastructural development to enhance economic development and growth in the country.

Oguntoyinbo also urged the federal government should also build low-cost housing for workers as the cost of accommodation is no longer affordable for an average worker in the country.

“Due to the removal of subsidy on petroleum products, the minimum wage should be increased from N30,000 to N200,000. Due to the removal of subsidy on petroleum products, the minimum wage should be increased from N30,000 to N200,000.

“Subsidy is enough to build a monorail, schools, hospitals, roads and other infrastructure and social amenities rather than for few people to pocket the money. That is why I don’t support subsidy provided that they can spend it judiciously on infrastructural development.

“If roads are bad, no electricity and other infrastructure, it will affect productivity negativity. Our problem in this country is that we spend more on recurrent than capital.”