In this video, we delve into President Bola Tinubu’s approval of a new minimum wage of ₦70,000 for Nigerian workers. Despite this positive step, we discuss how Nigeria’s minimum wage struggles to shield workers from poverty, mainly due to inflation not being factored into adjustments. We explore potential solutions, emphasizing the importance of skill development to build a competitive and productive workforce.
Join us as we analyze the economic impact of these changes and the long-term benefits of a skilled labor market. Like and share if you find this informative!
