Lagos State Governor Babajide Sanwo-Olu announced plans to increase the state’s minimum wage to N85,000 during an interview on Channels TV. He revealed that discussions with labor unions had led to the decision, which reflects the government’s ability to afford the new wage level. Sanwo-Olu emphasized that this move is based on the state’s financial capacity rather than competition with other regions. The new wage policy is part of his administration’s efforts to improve the welfare of public workers in Lagos.
By stating that the decision is based on “affordability” rather than competition with other states, Sanwo-Olu highlights the fiscal prudence behind the move. This could set a precedent for other states to follow, depending on their financial capabilities.
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