Nigerian workers poorer than before — Oshiomole
The Senator representing Edo North, Adams Oshiomhole, stated on Wednesday that Nigerian workers today are significantly poorer than previous generations. Oshiomhole stated this during a lecture for members of the Executive Intelligence Management Course 17 at the National Institute of Security Studies in Abuja. He noted that the widely discussed N70,000 minimum wage is equivalent to just $42 when converted to dollars, a sharp decline compared to the past. He said, “When the minimum wage in Nigeria was established under President Shagari, around 1981, it was about N125, which was equivalent to around $160 a month. Today, despite a 100% increase achieved by labour last year, the current exchange rate reduces this N70,000 to just $42. Did You Know A Tribe That Prepares Meals Using Water From The Deceased?0:00 / 0:00 “So, if you divide N70,000 by N1,650, it gives you $42. This shows that working people are much, much poorer now than we were many years ago. This income devaluation affe...