A coalition of Nigerian Youth under the aegis of Northern Youth Council of Nigeria, NYCN, has called on the president of the Federal Republic of Nigeria, Muhammadu Buhari to order a review of the national minimum wage due to the hardship bedeviling the country.
The NYCN, speaking through its president, Isa Abubakar said “It is no longer speculation that the purchasing power of naira has dropped significantly, and the higher cost of foodstuff is telling on Nigerians. People are presently living from hand to mouth in Nigeria.”
Speaking further, the youth council suggested “It is very important as well to review the monetary policy to make sure that businessmen have some sort of credit loan at a very low interest rate to help sustain their businesses, with the economic hardship on Nigerians, the economic team of Mr. President must wake up and find a solution to our economic problems.”
They said that it is high time noted the Nigeria Labour Congress, NLC, and the Trade Union Congress of Nigeria, TUC, to step in favor of Nigerians, saying that their silence looks more like they are in unison with the FG over the hardship Nigerians are subjected to.
While speaking on the new directive of the government for everyone to save the denominations to their bank accounts in readiness for the new currency that will be rolled out soon, the council noted that it is yielding results, because there are some unpatriotic citizens in the society whose action is placing a hardship on others.
They did not fail to talk about the high price of food in the market, and they pointed fingers at some Nigerians who buy grains like maize, soya and rice at low prices and store them to sell at higher prices.
Abubakar said “This has caused a skyrocket in the price of food items. There is the urgent need to arrest the situation as fast as possible, the relevant agencies should swing into action to avoid food crisis in the country.”
Recall that the minimum wage of the country is N30,000 and it was increased few years ago.
