A businessman's controversial remark on potentially hiking prices if Nigeria's minimum wage increases to N105,000 stirs debate. Nigerians express concern over possible inflation and call for price regulation.
A businessman's bold statement regarding a potential increase in Nigeria's minimum wage to N105,000 sparked heated reactions among Nigerians. While some criticized his proposed price hike for a crate of eggs to N10,000, labeling it as exploitative and detrimental to consumers, others pointed fingers at societal issues, emphasizing the need for regulatory measures to prevent price inflation.
Many lamented the lack of economic literacy among citizens, highlighting the importance of government intervention in price regulation to ensure affordability and prevent exploitation.
Amidst the discourse, there was a consensus that both the government and the populace share responsibility for economic challenges, urging for balanced policies that protect consumers while supporting producers.
