*MINIMUM WAGE IN NIGERIA (MONTHLY)*

1981: ₦125 ($195)

1989/90: ₦250 ($31)

1998/99: ₦3,000 ($32)

2000/01: ₦5,500 & ₦7,500 ($49 & $67)

2011: ₦18,000 ($117)

2018: ₦30,000 ($98)

2023: ₦30,000
Official rate: $65
Parallel market rate: $44

2024: ₦30,000
Official rate: $21.22
Parallel market rate: $20.76

#StatiSense


For those who might struggle with interpreting stats, this shows that if a month contains 30 days,

✓ Nigerians once went home with $6.5 per day to spend

✓ the military hurt Nigeria, bringing down her spending power to about $1 per day

✓ the military handed over such a poor State to civilians in 1999

✓ somehow, Nigeria picked up steadily to a spending strength of over $1.6 per day the next year (2000) and to over $2.2 per day by the very next (2001). *Nigeria certainly started recovery*.

✓ by 2011, Nigeria had improved back to about $3.9 per day - that's around $4/day!

✓ then by 2015, *APC came into power*

✓ by 2018, Nigerians had been reduced back to $3.2 spending power per day

✓ and by 2023, Buhari, APC's first president, handed over a State with spending power of about $1.5 - $2.2

✓ in less than one year, the current administration has impoverished Nigerians further to a spending power of 69.2 cents - 70.7 cents! Nigerians' spending power no longer makes sense to be rated in dollars so, cents is now fitting.

#StatiSense

2011 wasn't that bad but Tinubu condemned it.

ok