Labour Party’s Ayodele Olorunfemi, a candidate in the upcoming Ondo governorship election, has made a commitment to raise the minimum wage to N120,000 if elected.
This announcement surpasses the party’s previous promise of N80,000, reflecting the state’s current economic conditions.
Olorunfemi plans to increase the workforce, motivate productivity, and enhance the state’s revenue.
He expressed confidence in the state’s ability to support the proposed wage increase, according to Peoples Gazette.
Furthermore, the candidate aims to develop a dry port at Ore, in collaboration with the Alaba International Market Association, to reduce traffic congestion in Lagos and stimulate economic growth in Ondo.
This move is seen as a strategic effort to enhance the state’s economic landscape and improve the livelihoods of its citizens.
Olorunfemi, in an interview on Tuesday in Lagos, said, “As of 2023, when we were campaigning, we assured our people that LP would be paying a minimum of N80,000 minimum wage in Ondo, that was before the economy got to where it is today.
“With the situation in the market now, looking at the cost of living, if this state is put under our control, we shall not pay anything less than N120,000 as minimum wage. That is the minimum we can pay and we believe we will be able to afford it.”
He continued, “The fact that I know is that what we have now can pay the minimum wage. We want our workers to be productive so that more wealth can come to the state.
“When we take over as LP, the first agenda is to make sure there is a port in Ondo state to boost business and the economy.
“We are working with Alaba International Market Association in Lagos. We are going to work on how to have our own dry port to decongest Alaba International Market in Lagos. We are getting a dry port at Ore and a very big international market that will reduce traffic inflow to Lagos,” he said.
