Why Nigerian workers deserve living wage — PERESSA

The Precision, Electrical and Related Equipment Senior Staff Association (PERESSA) has explained why Nigerian workers deserve a living wage, arguing that the country’s worsening economic conditions have made the current N70,000 minimum wage inadequate.

The union said rising inflation, soaring food prices, increasing transportation costs, expensive housing, and higher healthcare expenses have significantly eroded workers’ purchasing power, making it difficult for many Nigerians to maintain a decent standard of living.

PERESSA President, Comrade Rufus Olusesan, stated this at a retirement ceremony organised in honour of the Lagos State Controller of Labour, Mr. Itemoagbo Eshomounu.

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According to Olusesan, wage negotiations between organised labour and the Federal Government should be guided by credible economic data rather than political considerations.

He said workers deserve a living wage that reflects prevailing economic realities and enables them to live with dignity.

“We want to urge the leadership of both the TUC and NLC that any negotiation they have with the government should be data-based and not just mere discussion. What we need now is a living wage, not just a minimum wage,” he said.

Olusesan maintained that despite Nigeria’s vast natural and human resources, poor management of the economy has prevented citizens from enjoying the country’s wealth.

“Nigeria is blessed, but we are suffering in the midst of plenty. We have abundant mineral resources apart from petroleum, and we also have human capital.

“We have what it takes to be a very great nation, but mismanagement has been the problem. Ninety-five per cent of this country’s wealth is in the hands of a few people,” he added.

He stressed that a living wage would not only improve workers’ welfare but also help restore their purchasing power amid the country’s rising cost of living.

Olusesan also paid tribute to the retiring Lagos State Controller of Labour, describing Eshomounu as a hardworking, transparent and dedicated public servant whose commitment to the labour sector earned him widespread respect.

He commended the retired official for his years of service and his contributions to promoting industrial harmony and protecting workers’ interests.

Responding, Eshomounu thanked God for a successful career and expressed appreciation to the organisers for celebrating his retirement.

He advised workers and labour leaders to maintain good relationships throughout their careers, noting that people often reconnect in unexpected circumstances.

The retired Controller also assured union leaders that he would remain available to support the labour movement whenever needed.