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SHOULD NIGERIA'S MINIMUM WAGE BE #100,000
Government & Politics
4 hrs ago
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4 hrs agoThe debate over Nigeria’s minimum wage has once again taken center stage. With inflation on the rise, the cost of living skyrocketing, and many families struggling to meet basic needs, labour unions are pushing for a new minimum wage of ₦100,000.
Supporters argue that anything less is unfair in today’s economy. Prices of essential goods — from food to transportation — have doubled or even tripled in the past year. They believe ₦100,000 will at least give workers a fighting chance to survive without constantly falling into debt.
On the other hand, some economists and business owners warn that such a drastic increase could lead to job losses. Small businesses may not be able to afford the higher salaries, forcing them to downsize or shut down completely. They also fear that higher wages might fuel even more inflation if not matched by increased productivity.
The government faces a tough decision — balancing the needs of workers with the realities of the economy. But one thing is clear: Nigerians are demanding better pay, and the conversation isn’t going away anytime soon.
What do you think? Should Nigeria raise the minimum wage to ₦100,000, or would it hurt the economy in the long run? Share your thoughts below.