Society

The Cruel Arithmetic of Survival: Inside Nigeria’s ₦700,000 Cost-of-Living Reality

While macroeconomic indicators occupy the debates within Aso Rock, a silent mathematical crisis is unfolding across Nigerian households. The federal minimum wage of ₦70,000 is locked in a brutal mismatch against a realistic monthly living cost of over ₦700,000 for an average family. As food inflation and transport costs continue to erode purchasing power, the nation is confronting a harsh reality where full-time employment no longer guarantees basic survival.