Why Edo can afford to pay N70,000 minimum wage

Obaseki revealed this in a statement on Monday, adding that his administration started making plans for the new minimum wage three years ago.

“I am able to pay N70,000 because two or three years ago, I raised an alarm that we were resorting to massive borrowings, which will be inflationary in the long run,” he said. “We knew it would translate into the demand for higher wages because of inflation and so, we said, look, let’s focus on building a much more efficient economy.

“I have a fleet management service, my own Uber, where I have put my own transport system, our cars, and vehicles into one transport system. So, I’m running the government at a fraction of what I used to run the system in the past.

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