It's no secret that the high inflation rate has takendamaged 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 boostboosting purchasing power rather than on addressing inflation — and fixing the minimum wage would be key to that.

In the face of theNigeria's cost-of-living crisis that has been plaguing Nigeria, labor unions have urged the government to raise the national minimum wage. However, the minimum wage itself doesn't protect workers from poverty — andit effectively traps them in a vicious circle that can only be broken if people acquire the skills and capabilities needed in the global economy.

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