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Why Inflation Keeps Defeating Salary Raises in Nigeria
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Why Inflation Keeps Defeating Salary Raises in Nigeria
Salary increases in Nigeria have been outpaced by rising prices, and for many workers, the pay increases have looked good on paper but have quickly disappeared in real life. Inflation continues to outpace wage growth, leaving households struggling to meet basic needs such as food, transport, and rent. The recent data from the National Bureau of Statistics (NBS) show that inflation has remained high, mainly due to food prices, transport costs, an…
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