New Minimum Wage: ₦30,000 Salary Will Do More Harm Than Good To The Economy – Gov. Umahi
He said, “The reason is that it will cause inflation which is going to sweep out whatever gain you think you have. He however did not realise that when people have more money in their pockets, they will spend more which by extension will boost economic activities.
“l think we are approaching this issue of minimum wage very wrongly.
“Till we sit down in this country and look at all sides and agree that this is how we are going to do it; otherwise, we will end up grinding this country
“If you say something is wide, we should be able to say how wide it is. I believe that if we harness the resources of this country well, we will have enough to take care of our workers and we will have enough to take care of our health, education and others.
“Civil servants should look beyond minimum wage; even the minimum wage of N30,000 cannot solve their basic needs.”