Is ₦500,000 a Month Still Enough for a Comfortable Life in Nigeria?
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A monthly salary of ₦500,000 amounts to ₦6 million a year, yet many Nigerians say it no longer guarantees a comfortable lifestyle. With food, rent, transport, school fees and other essentials rising sharply, a household can struggle to make the income last until the end of the month. Has Nigeria’s declining purchasing power made ₦500,000 monthly income insufficient, especially for a family?
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