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Snapshot 4:Tue, Jun 4, 2024 11:42:49 PM GMT last edited by JoseMoura

Nigeria Unions Halt Nationwide Strike

Nigeria Unions Halt Nationwide Strike, Power Grid Restored

Image credit: *** GETTY *** Benson Ibeabuchi/Getty Images

The Spin

...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.

Metaculus Prediction

There's a 5% chance that Nigeria will have a coup before 2025, according to the Metaculus prediction community.


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© 2025 Improve the News Foundation. All rights reserved.Version 6.18.0

© 2025 Improve the News Foundation.

All rights reserved.

Version 6.18.0