Chairman of Labour Party (LP) in Oyo State, Sadiq Atayese, has said that the newly-approved N70,000 minimum wage for Nigerian workers is not the solution to the economic challenges currently facing the country.
Atayese stated this in an interview with the News Agency of Nigeria (NAN) on Sunday in Ibadan.
According to him, the real therapy for sustainable cost of living in the country lies in fashioning out of positive economic policies by government.
He stated that one major policy issue that could challenge the poor living standard of Nigerians revolved around exchange rate as a key determinant of fuel cost and, by extension, fuel subsidy.
Atayese said that government must be intentional in its efforts at fighting corruption to a standstill, in addition to the upward review of minimum wage.
According to him, corruption in high places represents more than 90 per cent of corruption cases in Nigeria.
“Will this new…
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