...It's no secret that the high inflation rate has taken a heavy toll on the Nigerian economy, causing unprecedented poverty levels and price hikes. Yet, as the actual costs in the country remain lower than abroad, the government must focus on boost purchasing power rather than on addressing inflation — and fixing the minimum wage would be key to that.

There'sIn aface 5%of chancethe cost-of-living crisis that has been plaguing Nigeria, willlabor unions have aurged coupthe beforegovernment 2025to raise the national minimum wage. However, accordingthe tominimum wage itself doesn't protect workers from poverty — and effectively traps them in a vicious circle that can only be broken if people acquire skills and capabilities needed in the Metaculusglobal prediction communityeconomy.

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