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Will Nigeria's inflation rate decrease by December 31, 2024, following the N70,000 minimum wage approval?
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Bola Tinubu•Nigerian•Nigerian Labour Congress•NLC•Trade Union Congress•TUC•Organised Labour•Tinubu•Aso Rock Villa•Abuja•Nigeria
Resolution / Starting Odds
Yes • 50%
No • 50%
Nigerian National Bureau of Statistics
Story
Tinubu Approves N70,000 Minimum Wage Amid Cost of Living Crisis
Jul 18, 2024, 03:26 PM
President Bola Tinubu has approved a new national minimum wage of N70,000 ($43) for Nigerian workers amidst a severe cost of living crisis. The decision has been accepted by the Nigerian Labour Congress (NLC), the Trade Union Congress (TUC), and the Organised Labour. Tinubu also promised to review the national minimum wage law every three years. This announcement was made at the Aso Rock Villa, Abuja. This move is part of Tinubu's broader efforts to address economic challenges in Nigeria.
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Below 10% • 25%
10% to 15% • 25%
15% to 20% • 25%
Above 20% • 25%
Yes • 50%
No • 50%
Subsidies for essential goods • 25%
Tax cuts • 25%
Increase in minimum wage • 25%
No specific economic measure • 25%
Yes • 50%
No • 50%
