A chieftain of the Peoples Democratic Party, PDP in Delta State, Sunny Onuesoke has said the solution to Nigeria's economic problem is not an increase in minimum wage but deflation of the economy. He made the assertion in a phone interview with our correspondent in his reaction to the imbroglio between the federal government and labour unions in the country. Onuesoke said the increment of wages will not solve the economic problem in the country but it will rather increase it.
” He said what Nigerians need right now is the reduction of the inflation rate to the extent that even if a worker is receiving N20,000 thousand as minimum wage, he should be able to pay his rent and take care of other responsibilities comfortably. He also urged the federal government to intensify building low-cost houses for the common man, subsidise them and mortgage the same for the period of their lifetime as a way to reduce the inflation rate.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: DailyPostNGR - 🏆 11. / 59 Read more »