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#85,000 Minimum Wage Inadequate in Lagos, Says Gbadebo Rhodes-Vivour

Published by Tope Fakinlede on October 18th, 2024.

#85,000 Minimum Wage Inadequate in Lagos, Says Gbadebo Rhodes-Vivour

Following Governor Babajide Sanwo-Olu’s announcement of an increase in the minimum wage to ₦85,000, Gbadebo Rhodes-Vivour has called for a more realistic minimum salary of ₦100,000 for Lagos workers. He argues that the current amount fails to meet the true cost of living and the economic realities faced by residents.

Rhodes-Vivour emphasized that with rising living costs and inflation, the existing wage is not sufficient to support employees and their families. According to Eyes Of Lagos, he acknowledged the increase as a positive step but stressed it does not adequately address the specific challenges that workers in Lagos encounter.

He stated, “Lagos has the highest intra-city transportation costs in Nigeria, is the second most expensive city for food, and has the highest rental prices overall.” He criticized the lack of substantial investments in social housing and urged the governor to focus on issues that truly matter to Lagosians.

Rhodes-Vivour highlighted that over 70% of Lagos State’s operating revenue comes from taxes, with PAYE (Pay As You Earn) making up 45% of that. He pointed out that the wealth generated by citizens’ hard work should translate into tangible benefits for the people.

He questioned, “What do Lagosians gain from this significant contribution? Do their children have access to quality public education? Is there an efficient and affordable public transportation system? Are the roads well-maintained? Is social housing accessible? Can residents easily secure funding for entrepreneurship?”