NIGERIANS USED TO HARDSHIP AS BAG OF RICE NOW MORE THAN THE SALARY OF AN AVERAGE WORKER WITHOUT COMPLAINTS 

  News   Nov 2, 2022   0   216  Add to Reading List
NIGERIANS USED TO HARDSHIP AS BAG OF RICE NOW MORE THAN THE SALARY OF AN AVERAGE WORKER WITHOUT COMPLAINTS 
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sme loan

INCREASE YOUR SALES WITH NGN1,000 TODAY!

Advertise on doacWeb

WhatsApp: 09031633831

To reach more people from NGN1,000 now!

sme loan

INCREASE YOUR SALES WITH NGN1,000 TODAY!

Advertise on doacWeb

WhatsApp: 09031633831

To reach more people from NGN1,000 now!

Nigerian workers are sinking into deeper poverty, no thanks to the rising inflation. 

It is even worst for an average Nigerian worker within the salary grade of N30,000 minimum wage and N200,000. 

Recently the National Bureau of Statistics (NBS) announced Nigeria’s headline inflation rose 20.52 per cent in August 2022 on a year-on-year basis. This is the highest level it has been since 2005.

For a Nigerian earning the National Minimum Wage at N30,000 per month, or N360,000 per year, when the annual salary is adjusted for inflation, the take-home pay in the last year has been reduced by N61,295 in real terms.

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