Commenting on the impact of the new wage on inflation, Professor of Economist, Derin Ologbenla of the University of Lagos said: “We must pay a living wage. That is certain amount of money to the workers so that they feed. The question of poverty is based on the inability of government to pay a living wage.
“The workers will buy goods and services and the money will boost the economy of the country.”
He argued that most state governors do not understand the impact of paying a living wage.
Ologbenla said: “The private companies know these. We the intellectuals think it is man’s inhumanity to man for a Nigerian not to earn N1,000 a day and also expected to pay tax.
“So it is a lie that this could trigger inflation. When the senators have N13 million a month, did it cause inflation.”
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