Someone earning N2.5m annually in Nigeria today is poor – TUC President, Osifo
The President of the Trade Union Congress, TUC, Festus Osifo, has said anyone earning N2.5m annually in Nigeria of today, is relatively poor
According to him, N200,000 was relatively huge some few years back, but has lost its value in the current scheme of things.
Osifo stated this when he appeared as a guest on Channels Television’s Sunrise Daily to discuss government’s mechanisms to take care of the downtrodden.
“Some four to five years ago, you could say this is relatively huge amount of money but today when you talk about N200,000, it’s a far cry to what the value was as at even two years ago.
“That is why we feel that people in that bracket, things are difficult for them,” he said.
According to him, “Someone earning N2,500,000 annually in Nigeria today is relatively poor…. If you earn N208,000 monthly, you might spend half of that money on transportation costs, then you now talk of housing and clothing, it may be difficult for one to live.”
Follow Us on Facebook – @LadunLiadi; Instagram – @LadunLiadi; Twitter – @LadunLiadi; Youtube – @LadunLiadiTV for updates
