Business News Nigeria | Daily Updates | Nigerian News (original) (raw)
BusinessDay
Nigeria's minimum wage no match for N700,000 survival cost
...Why many working families earn less than it takes to stay afloat By the third week of every month, Ibrahim Olarinrin’s salary is gone. The 38-year-old Lagos resident earns N300,000 a month working for a professional services firm in accounting and finance. Yet feeding his wife and two children now costs about N360,000 monthly, more than his entire paycheque. Once transportation, cooking gas, electricity, internet...
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