Ali Baba, veteran comedian has said if the current exchange rate doesn’t drop and fuel is still imported, the increased minimum wage will make no difference.
He said this while reacting to the increase in minimum wage from N18,000 to N30,000, as advocated by the Nigerian Labour Congress.
“Market forces will swallow up that salary increase in 3-months. The quality of life has to be much better. The exchange rate has to drop to say N100 to $1, and with fuel still being imported, no chance of that happening“, he wrote.
However, just to make himself happy, he celebrated the increase from N18,000 to N30,000.
“Hey let’s celebrate, minimum wage is now N30,000. Some governors who have not been able to pay 18k must now pay 30k. Oya let’s dance jare”, he wrote on his Instagram page.