Nigerians Demand Industrialization and Higher Minimum Wages to Revive Economy
Nigerians are raising their voices and demanding change to combat the economic crisis. The hike in prices of small and previously easily affordable goods is outrageous, making it difficult for an average Nigerian to keep up with a 3-squared meal. With the falling naira and rising costs of fuel, food, and transportation, citizens are calling for increased industrialization to generate much-needed employment opportunities.
This move aims to cushion the effects of the economic downturn, ensuring a better future for all. David Balogun, a 27 year old graduate who runs an online clothing business and has been facing economic challenges, emphasizes the importance of industrialization.
He states that ” the current economic situation of Nigeria is at a point where all we need to revive the falling naira is increased industrialization, if that is brought up, jobs will be provided for a lot of people to cushion the effect of the economic crisis such as fuel, food and transportation prices, through government industrialization and skill acquisition”
Mr David Balogun says that increased salaries should be introduced, demonstrating the commitment of companies to standing with their workforce during these challenging times, the minimum wage of government workers and civil servants should be increased from 30,000 per month to 150,000 per month and transportation initiatives should be implemented to support employees.
Recognizing the economic disparities, citizens are calling for policies that benefit all sectors of society. They stress the need for equal opportunities and a fair distribution of resources. It is crucial to bridge the gap between the high-class and the average Nigerian, ensuring that everyone feels the positive impact of economic reforms.
Mrs Wasilat Adetoye, a market trader with four children, laments on the hike of prices and hardship in the economy.
She states ” We were purchasing a carton of fish for 15,000 to 22,000 before and now it has gone up to 46,000 to 48,000. We have not even begun to talk about the price of transporting these goods from the market to the shop. Bus drivers are increasing prices due to the rise in fuel price. Things have gotten quite harder and I can barely provide a 2- square meal for myself and my children. ”
As Nigerians continue to voice their opinions and ideas, it is evident that the call for increased industrialization and higher minimum wages is gaining momentum.
