{"id":353374,"date":"2025-01-23T08:18:34","date_gmt":"2025-01-23T07:18:34","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=353374"},"modified":"2025-01-23T08:18:34","modified_gmt":"2025-01-23T07:18:34","slug":"earning-n200k-monthly-is-no-longer-sustainable-says-tuc-president","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2025\/01\/23\/earning-n200k-monthly-is-no-longer-sustainable-says-tuc-president\/","title":{"rendered":"Earning N200K monthly is no longer sustainable, says TUC president"},"content":{"rendered":"<ul>\n<li><strong>Nigerians have been grappling with high inflation on the back of the naira devaluation, rising petrol prices, and prevailing insecurity that has led to a decline in agricultural output.<\/strong><\/li>\n<\/ul>\n<hr \/>\n<p>President of the Trade Union Congress (TUC), Festus Osifo, has said that individuals earning N200,000 monthly may struggle to make ends meet.<\/p>\n<p>Osifo noted that N200,000 was a substantial amount a few years ago but has since lost its value due to current economic conditions.<\/p>\n<p>The TUC President <a href=\"https:\/\/x.com\/channelstv\/status\/1881989140834869566?t=WejJxiuC5oQ2Bdbe7J4gaA&amp;s=19\"><strong>made this statement<\/strong><\/a> on Channels Television&#8217;s Sunrise Daily, discussing government support for the underprivileged.<\/p>\n<p>&#8220;Some four to five years ago, N200,000 was considered a significant amount, but today it&#8217;s a far cry from its original value,&#8221; Osifo said.<\/p>\n<p>&#8220;That&#8217;s why we believe people earning this amount are facing difficulties,&#8221; he added.<\/p>\n<p>Osifo also stated, &#8220;Someone earning N2,500,000 annually is relatively poor. With N208,000 monthly, half may go to transportation, leaving little for housing and clothing.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nigerians have been grappling with high inflation on the back of the naira devaluation, rising petrol prices, and prevailing insecurity that has led to a decline in agricultural output. President of the Trade Union Congress (TUC), Festus Osifo, has said that individuals earning N200,000 monthly may struggle to make ends meet. Osifo noted that N200,000 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