{"id":126692,"date":"2024-08-03T09:09:56","date_gmt":"2024-08-03T08:09:56","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/n30000-minimum-wage-was-of-greater-value-than-current-n70000-minimum-wage-kenneth-okonkwo"},"modified":"2024-08-03T10:17:58","modified_gmt":"2024-08-03T09:17:58","slug":"n30000-minimum-wage-was-of-greater-value-than-current-n70000-minimum-wage-kenneth-okonkwo","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/n30000-minimum-wage-was-of-greater-value-than-current-n70000-minimum-wage-kenneth-okonkwo","title":{"rendered":"\u2018N30,000 minimum wage was of greater value than current N70,000 minimum wage\u2019 \u2013 Kenneth Okonkwo"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>Veteran Nollywood actor and politician, Kenneth Okonkwo, has argued that the former N30,000 minimum wage was of greater value than the current N70,000 minimum wage benchmark.<\/p>\n<p>DAILY POST reports that President Bola Tinubu recently assented to the N70,000 minimum wage following an agreement with joint labour unions.<\/p>\n<p>Appearing on the \u2018Mic On\u2019 podcast, Okonkwo insisted that the increment does not reflect current reality.<\/p>\n<p>He maintained that the former N30,000 minimum wage was more valuable than the current N70,000 minimum wage.<\/p>\n<p>He said, \u201cThe N30,000 minimum wage people were earning before this government came in was of greater value than current N70,000 minimum wage. Because you had N500 to a dollar when this government came in, but now it\u2019s N1,500. It went to N2,000 at a point. Do the mathematics.<\/p>\n<p>\u201cSo what are we talking about? When it was N500 per dollar, the minimum wage was $60. Now that the exchange rate is N1,500 it should be about $45 per month. And see that it\u2019s of less value. So what can they say that they have achieved?\u201d<\/p>\n<p><strong>For More News And Analysis About Nigeria Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. Veteran Nollywood actor and politician, Kenneth Okonkwo, has argued that the former N30,000 minimum wage was of greater value than the current N70,000 minimum wage benchmark. DAILY POST reports that President Bola Tinubu recently assented to the N70,000 minimum wage following an agreement with joint labour unions. Appearing on the \u2018Mic On\u2019 [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":126690,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15,29,28,2660],"tags":[5997,249,254],"class_list":["post-126692","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","category-to-homepage","tag-kenneth-okonkwo","tag-minimum-wage","tag-nigeria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>\u2018N30,000 minimum wage was of greater value than current N70,000 minimum wage\u2019 \u2013 Kenneth Okonkwo - Nigeria<\/title>\n<meta name=\"description\" content=\"Veteran Nollywood actor and politician, Kenneth Okonkwo, has argued that the former N30,000 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