🇳🇬MINIMUM WAGE

2015 — ₦18,000 ($91.4)
2023 — ₦30,000 ($66.7)
2024 — ₦30,000 ($25.7)

FX at official rate

#StatiSense

🇳🇬MINIMUM WAGE (MONTHLY)

1981: ₦125 ($195)

1989/90: ₦250 ($31)

1998/99: ₦3,000 ($32)

2000/01: ₦5,500 & ₦7,500 ($49 & $67)

2011: ₦18,000 ($117)

2018: ₦30,000 ($98)

2023: ₦30,000
Official rate: $65
Parallel market rate: $44

2024: ₦30,000
Official rate: $25.7

In 5yrs (2019-2023), Nigeria's total Capital Importation was $49.61 billion.

Lagos State attracted $37.92 billion, which is equivalent of 76.4% of the total value.

#Statisense
(Capital Importation, NBS)

NIGERIA'S TOTAL PUBLIC DEBT, DEBT PER CAPITA, MONTHLY MIN WAGE

Public Debt
2015: ₦12.60 trillion
2020: ₦32.92 trillion
2023: ₦97.34 trillion

Debt Per Capita
2015: ₦69,000
2020: ₦158,000
2023: ₦445,000

Minimum Wage (Monthly)
2015: ₦18,000
2020: ₦30,000
2023: ₦30,000…

HOW LONG WOULD A MINIMUM WAGE EARNER WORK TO PAY OWN SHARE OF NATIONAL DEBT?

Debt Per Capita | Min Wage
2015: ₦69,000 | ₦18,000
2020: ₦158,000 | ₦30,000
2023: ₦445,000 | ₦30,000

A Nigerian minimum wage (monthly) earner will pay up own share of debt...…

🇳🇬MONTHLY MINIMUM WAGE & PMS

2015 — the Minimum Wage could purchase 207 litres of PMS, equivalent to at least four 50-litre containers and a gallon.

2024 — the Minimum Wage could purchase 43 litres of PMS, which is less than a 50-litre container.

Growth rate (2015 - 2023):

NASS BUDGET & NIGERIAN WORKERS' MONTHLY MINIMUM WAGE

NASS Budget || Minimum Wage
1999: ₦2.2bn || ₦3,000
2000: ₦29.5bn || ₦7,500
2011: ₦111bn || ₦18,000
2018: ₦139.5bn || ₦18,000*
2019: ₦128bn || ₦30,000
2020: ₦128bn || ₦30,000
2021: ₦134bn || ₦30,000
2022: ₦139bn…

HOW MUCH OF NIGERIA'S CAPITAL IMPORTATION DOES LAGOS ATTRACT?

2019 — 73.67%
2020 — 85.78%
2021 — 86.91%
2022 — 67.82%
2023 — 64.09%

#Statisense
(NBS)

🇳🇬TOTAL CAPITAL IMPORTATION IN 5 YEARS

2019 — $23.99 billion
2020 — $9.68 billion
2021 — $6.70 billion
2022 — $5.33 billion
2023 — $3.91 billion

#Statisense
(NBS)

LAGOS STATE remains Nigeria's No. 1 investment destination.

It attracted 62.2% of the total $1.132 billion capital Importation of Q1 2023.

TOP 5 DESTINATIONS:
1 Lagos: 62.2%
2 FCT: 36.2%
3 Akwa Ibom: 0.46%
4 Adamawa: 0.50%
5 Anambra: 0.35%

#StatiSense
(NBS)

Lagos remains Nigeria's No. 1 investment destination.

2023 Capital Importation

Total into Nigeria: : $3.91 billion

Lagos as Destination: $2.50 billion, 64% of total Capital Importation.

#Statisense
(NBS)

DEPRIVATION ACROSS 4 PILLARS IN SOUTH EAST

PILLARS: Health, Education, Living Standard and Work & Shock

Most deprived to the least
1 — ⭕NUTRITION
1 Ebonyi
2 Enugu
3 Imo
4 Abia
5 Anambra

2 — ⭕FOOD INSECURITY
1 Ebonyi
2 Enugu
3 Imo
4 Abia
5 Anambra

3 — ⭕TIME TO HEALTHCARE
1…

LACK OF ACCESS TO SAFE DRINKING WATER 2022

#Statisense

15 WORST CURRENCIES AGAINST THE US DOLLAR — 29 APRIL 2024

YoY Loss Against USD:
1 🇱🇧Lebanon: -498%
2 🇸🇾Syria: -418%
3 🇦🇷Argentina: -293%
4 🇳🇬Nigeria: -195%
5 🇸🇸South Sudan: -88%
6 🇲🇼Malawi: -71%
7 🇦🇴Angola: -67%
8 🇹🇷Türkiye: -67%
9 🇪🇬Egypt: -54%
10 🇿🇲Zambia: -50%
11 🇻🇪Venezuela:

CURRENCY LOSS AGAINST USD

Nigeria's Rank Globally: YoY Loss
Oct 2023: 5th globally, -97%
Nov 2023: 5th globally, -78%
Dec 2023: 5th globally, -98%
Jan 2024: 4th globally, -95%
Feb 2024: 4th globally, -239%
Mar 2024: 4th globally, -183%
Apr 2024: 4th globally, -195%

#Statisense

NASS BUDGET & NIGERIAN WORKERS' MONTHLY MINIMUM WAGE

NASS Budget || Minimum Wage
1999: ₦2.2bn || ₦3,000
2000: ₦29.5bn || ₦7,500
2011: ₦111bn || ₦18,000
2018: ₦139.5bn || ₦18,000*
2019: ₦128bn || ₦30,000
2020: ₦128bn || ₦30,000
2021: ₦134bn || ₦30,000
2022: ₦139bn…

🇳🇬MONTHLY MINIMUM WAGE & PMS

2015 — the Minimum Wage could purchase 207 litres of PMS, equivalent to at least four 50-litre containers and a gallon.

2024 — the Minimum Wage could purchase 43 litres of PMS, which is less than a 50-litre container.

Growth rate (2015 - 2023):

HOW LONG WOULD A MINIMUM WAGE EARNER WORK TO PAY OWN SHARE OF NATIONAL DEBT?

Debt Per Capita | Min Wage
2015: ₦69,000 | ₦18,000
2020: ₦158,000 | ₦30,000
2023: ₦445,000 | ₦30,000

A Nigerian minimum wage (monthly) earner will pay up own share of debt...…

NIGERIA'S TOTAL PUBLIC DEBT, DEBT PER CAPITA, MONTHLY MIN WAGE

Public Debt
2015: ₦12.60 trillion
2020: ₦32.92 trillion
2023: ₦97.34 trillion

Debt Per Capita
2015: ₦69,000
2020: ₦158,000
2023: ₦445,000

Minimum Wage (Monthly)
2015: ₦18,000
2020: ₦30,000
2023: ₦30,000…

🇳🇬MINIMUM WAGE (MONTHLY)

1981: ₦125 ($195)

1989/90: ₦250 ($31)

1998/99: ₦3,000 ($32)

2000/01: ₦5,500 & ₦7,500 ($49 & $67)

2011: ₦18,000 ($117)

2018: ₦30,000 ($98)

2023: ₦30,000
Official rate: $65
Parallel market rate: $44

2024: ₦30,000
Official rate: $25.7