By Zhunurain Lukman Muritadho
As Africa’s largest economy, Nigeria faces a significant paradox: despite its economic potential, abundant resources, and large population, the country grapples with persistent poverty. The substantial income disparity between the ruling elite and the general population is a major factor contributing to this inequality.
Over 40% of Nigeria’s population lives below the poverty line, a situation exacerbated by a significant wealth gap perpetuated by a system favoring those in power. Elected officials receive substantial salaries and benefits far exceeding the national minimum wage of ₦30,000 (approximately USD 66) per month.
Nigerian lawmakers are among the highest-paid in the world, earning a minimum of ₦13.5 million (approximately USD 30,000) monthly, in addition to numerous allowances.
The high income of elected officials, compared to the general population, perpetuates inequality and hampers economic growth. If officials earned minimum wage, they would better connect with the people and govern more effectively. Addressing this disparity requires a constitutional review and increased public awareness.
The excessive earnings of elected officials may contribute to the struggles of civil servants in Nigeria. Equity demands that workers in this country also earn better wages.
To address this gap and advocate for economic fairness, elected officials in Nigeria should receive the national minimum wage.
The stark contrast highlights the urgent need for economic reforms to address disparities and improve the lives of underprivileged Nigerians.
Nigeria must ensure that its economic prosperity benefits all, not just a privileged few. By mandating that elected officials receive the national minimum wage, the country can take a crucial step toward closing the income gap and promoting economic justice.
This bold move would demonstrate a resolute commitment to equity and establish a benchmark for responsible governance. It’s time for Nigeria’s leaders to lead by example and embrace a more equitable future.
