Alibaba Reveals Why Minimum Wage Increase Will Make No Difference
Ali Baba. Source: Instagram.

Veteran Nigerian comedian Alibaba has penned his opinion on the proposed increase of worker’s minimum wage from N18,000 to N30,000.

According to him, if the current exchange rate and the price of fuel remain the same, an increased wage would make no difference.

Advertise With Us

“Market forces will swallow up that salary increase in 3-months. The quality of life has to be much better. The exchange rate has to drop to say N100 to $1, and with fuel still being imported, no chance of that happening,” he wrote on his Instagram page on Thursday.

“Hey let’s celebrate, minimum wage is now N30,000. Some governors who have not been able to pay 18k must now pay 30k. Oya let’s dance jare.”