{"id":333514,"date":"2024-08-03T10:10:49","date_gmt":"2024-08-03T09:10:49","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=333514"},"modified":"2024-08-03T10:10:49","modified_gmt":"2024-08-03T09:10:49","slug":"kenneth-okonkwo-n30000-minimum-wage-more-valuable-than-current-n70000","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2024\/08\/03\/kenneth-okonkwo-n30000-minimum-wage-more-valuable-than-current-n70000\/","title":{"rendered":"Kenneth Okonkwo: N30,000 minimum wage more valuable than current N70,000"},"content":{"rendered":"<ul>\n<li><strong>Recall that Okonkwo cut ties with Peter Obi, on July 28.<\/strong><\/li>\n<li><b>The Labour party had also described him as a &#8216;mole&#8217;<\/b><\/li>\n<\/ul>\n<hr \/>\n<p>Kenneth Okonkwo, veteran nollywood actor and politician, says the former N30,000 minimum wage was of greater value than the current N70,000 minimum wage benchmark.<\/p>\n<p>Within Nigeria reports that President Bola Tinubu recently <a href=\"https:\/\/www.withinnigeria.com\/news\/2024\/07\/29\/breaking-tinubu-signs-national-minimum-wage-bill-into-law\/\"><strong>assented<\/strong><\/a> to the N70,000 minimum wage following an agreement with joint labour unions.<\/p>\n<p>Speaking on the snippet clip of the \u2018Mic On\u2019 podcast, Okonkwo insisted that the increment does not reflect current reality.<\/p>\n<p>He reaffirmed that the former N30,000 minimum wage was more valuable than the current N70,000 minimum wage.<\/p>\n<p>He said, \u201cThe N30,000 minimum wage people were earning before this government came in was of greater value than current N70,000 minimum wage. Because you had N500 to a dollar when this government came in, but now it\u2019s N1,500. It went to N2,000 at a point. Do the mathematics.<\/p>\n<p>\u201cSo what are we talking about? When it was N500 per dollar, the minimum wage was $60. Now that the exchange rate is N1,500 it should be about $45 per month. And see that it\u2019s of less value. So what can they say that they have achieved?\u201d<\/p>\n<p>On July, Okonkwo <a href=\"https:\/\/www.withinnigeria.com\/news\/2024\/07\/31\/im-still-full-fledged-member-of-labour-party-kenneth-okonkwo-makes-u-turn\/\"><strong>announced<\/strong><\/a> his decision to path ways with Peter Obi, the Labour party 2023 presidential candidate.<\/p>\n<p>He was also <a href=\"https:\/\/www.withinnigeria.com\/news\/2024\/07\/28\/lp-reacts-as-kenneth-okonkwo-dumped-party\/\"><strong>labeled<\/strong><\/a> as a mole by the leadership of the party ina statement after his announcement and criticisms on its 2023 candidate.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Recall that Okonkwo cut ties with Peter Obi, on July 28. The Labour party had also described him as a &#8216;mole&#8217; Kenneth Okonkwo, veteran nollywood actor and politician, says the former N30,000 minimum wage was of greater value than the current N70,000 minimum wage benchmark. Within Nigeria reports that President Bola Tinubu recently assented to [&hellip;]<\/p>\n","protected":false},"author":43,"featured_media":333516,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"2","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"0","show_prev_next_post":"0","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_override_bookmark_settings":{"override_bookmark_button":"0","override_show_bookmark_button":"0"},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[2],"tags":[81827,41860,81828,46230],"class_list":["post-333514","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-current-n70000-minimum-wage","tag-kenneth-okonkwo","tag-kenneth-okonkwo-speaks-on-new-minimum-wage","tag-n30000-minimum-wage"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Kenneth Okonkwo: N30,000 minimum wage more valuable than current N70,000<\/title>\n<meta name=\"description\" content=\"Kenneth Okonkwo, veteran nollywood actor and politician, says the former N30,000 minimum wage was of greater value than the current N70,000 minimum wage benchmark.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2024\/08\/03\/kenneth-okonkwo-n30000-minimum-wage-more-valuable-than-current-n70000\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kenneth Okonkwo: N30,000 minimum wage more valuable than current N70,000\" \/>\n<meta property=\"og:description\" content=\"Recall that Okonkwo cut ties with Peter Obi, on July 28. The Labour party had also described him as a &#039;mole&#039; Kenneth Okonkwo, veteran nollywood actor and\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.withinnigeria.com\/news\/2024\/08\/03\/kenneth-okonkwo-n30000-minimum-wage-more-valuable-than-current-n70000\/\" \/>\n<meta property=\"og:site_name\" content=\"NEWS PICKS \u2014 WITHIN NIGERIA\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/withinnigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-03T09:10:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.withinnigeria.com\/news\/wp-content\/uploads\/sites\/5\/2024\/08\/Screenshot_20240803-094948.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1080\" \/>\n\t<meta property=\"og:image:height\" content=\"804\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"W.N YEMI\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta 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