Vivian ChimeVice-President Yemi Osinbajo says when he started lecturing at the University of Lagos in November 1981, he earned N620 as salaryOsinbajo said this on Tuesday in Kano at the 53rd annual conference of the Association of Law Teachers, held at the Bayero University Kano .
“The first minimum wage was N125 in 1981, at the exchange rate where naira was about twice the value dollar. That came to $250 in nominal terms today; multiplied by N200, that comes to N50,000,” Aremu had said.Continuing his presentation at the conference, the vice-president also spoke on the role of the law in an electoral process.
“Since then, we have seen more and more elections at the subnational level feature transitions between parties. Certainly, we have witnessed electoral contests in which mere membership of the ruling party is not a guarantee of victory. These are signs of our growth as a democracy. There remains, of course, much room for improvement.
ProfOsinbajo That N620 is equivalent to 500K today
ProfOsinbajo You are too old to rule go home and rest. You are more than 60years now
ProfOsinbajo That's the reason ₦620m must go missing from our treasury.
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