Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Conversation
The Conversation
Comment
Stephen Onyeiwu, Andrew Wells Robertson Professor of Economics, Allegheny College

EXPLAINED: A gloomy may day awaits nigerian workers | Rare Historical Photos

Minimum wage is no match for rising cost of living Photo by Adekunle Ajayi/NurPhoto via Getty Images

Imagine you live alone and walk into a local food market in Lagos, the Nigerian commercial capital, to buy a week’s worth of basic food items. In less than 15 minutes, you would find that you’ve spent at least 10,000 Naira (or US$24 at the official exchange rate of US$1 = 416 Naira).

This may seem minuscule to privileged households but such expenditure is a heavy burden on Nigeria’s 62 million workers.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.