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Kenneth Okonkwo Claims N30,000 Minimum Wage Was More Valuable Than Current N70,000

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Kenneth Okonkwo, the well-known Nollywood actor and politician, has argued that the previous minimum wage of N30,000 was more valuable than the current N70,000 benchmark.

Okonkwo expressed his views during an appearance on the ‘Mic On’ podcast, highlighting his concerns about the real value of wages in the face of significant economic changes.

Fire9ja reports that President Bola Ahmed Tinubu has recently approved a new minimum wage of N70,000 after reaching an agreement with labor unions.

According to Okonkwo, the value of the previous N30,000 minimum wage has depreciated compared to the new N70,000 wage.

He explained that when the N30,000 wage was in place, the exchange rate was approximately N500 to one US dollar.

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However, with the current exchange rate soaring to N1,500 to one dollar, the real value of the new N70,000 minimum wage has diminished considerably.

Okonkwo pointed out that while the former minimum wage translated to about $60 per month when the rate was N500 to a dollar, the current wage of N70,000 now equates to approximately $45 per month at the current exchange rate.

This stark difference demonstrates that despite the nominal increase in the minimum wage, its purchasing power has actually decreased due to inflation and currency devaluation.

Okonkwo questioned the effectiveness of the recent wage adjustment, suggesting that it fails to address the real economic challenges faced by workers.


 

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Catholics in Benue Pray and Ask God to Bring Peace and End the Killings

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Catholics across Benue State came together on Thursday in a heartfelt prayer walk, seeking God’s help for peace to return to the troubled region. The walk, which drew large crowds from different parishes, was marked by hymns, placards, and quiet reflection. Priests, religious groups, and lay faithful joined in solidarity as they moved through the streets.

They also prayed for the victims of the recent violence, including those killed in the attack on Yelwata, Guma Local Government Area, where many lives were lost. Those who took part in the procession spoke out about the rising insecurity and called for healing, unity, and a renewed sense of justice in the state.


 

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Tinubu’s Surprise Visit to Benue Sparks Outrage Over Political Rally Amid Mourning

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The recent surprise visit to Benue State by President Bola Tinubu has stirred many reactions from the public.

It was reported that some school children who were outside were urged to welcome the president under the rain.

It was also noted that what started as a simple welcome turned into a political rally for the President and the Governor of the state.

This gained many criticisms from the public, especially online, as they shared their thoughts on the visit and the welcome. Many highlighted the fact that it was meant to be a condolence visit and not a celebratory event.


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President Tinubu Arrives in Benue Amid Ongoing Violence and Public Outcry

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It has been reported that President Bola Tinubu just arrived to Benue State amid the violence attacks happening.

It can be recalled that the state recently through a massacre as 200 lives were lost due to the violence attacks by armed people.

No solutions has been addresses to what will happen in Benue state, till now. President Tinubu arrives to Benue state, the people now hope for a solution to be given and justice to be served.


 

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