Episode 1 of the Economic Jigsaw tackles the critical issue of the national minimum wage in Nigeria. As the cost of living continues to rise, the debate intensifies over what constitutes a fair and livable wage for Nigerian workers. We explored the complexities surrounding the current minimum wage, examining its adequacy in meeting basic needs and its impact on both the economy and individual livelihoods.

Listen to co-host Evelyn Dan Epelle, in conversation with a prominent economist and academic, Prof. Mike Kwanashie on the disparity between the cost of living and the minimum wage in Nigeria. He speaks on the impacts of government reforms on the standard of living in Nigeria, and how Nigeria can work to cushion the negative effects on its most vulnerable population.

Prof. Kwanashie also clarifies the difference between cost of living, living wage, and minimum wage - citing how fiscal and monetary policies can be better coordinated for impoved economic performance.

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Prof. Mike Kwanashie was Head of the Department of Economics at Ahmadu Bello University Zaria from 1987-1990 and Sub-Dean (Academics) for the Faculty of Arts and Social Sciences at ABU from 1983-1984. He served as President of the Nigerian Economic Society and as Special Adviser on Economics and Social Matters in the Office of the Vice President, during the Obasanjo administration. He also held the position of Vice Chancellor at Veritas University and is currently a Professor of Economic at the institution.