Nigeria’s minimum wage has been overtaken by a N700,000 survival cost

    Oluwatobi Ojabello | Editor’s picks | Jun 09, 2026    
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By the third week of every month, Ibrahim Olarinrin’s salary is gone. The 38-year-old Lagos resident earns N300,000 a month working for a professional services firm in accounting and finance. Yet feeding his wife and two children now costs about N360,000 monthly, more than his entire paycheque.

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