Ndume said rather than losing out from the naira depreciation against the dollar, the Federal Government is gaining more revenue to fund its 2024 budget.
They think we do not know?
Another is the salary they are paying there workers. The minimum wage was ₦30000 when dollar was at ₦365 when people were complaining of high cost of living, not knowing what is still coming. Today dollar is ₦1486 to a dollar, using the same CBN rate but minimum wage stayed at ₦30000.
NLC that said at least minimum wage should be increased are correct. Dollar is increasing, government are gaining more from crude oil but not increasing workers salary.
In the last 7 months, petrol import reduced by 1 billion litres: https://punchng.com/petrol-import-reduced-by-1billion-litres-in-seven-months-report/?amp
Yet, dollar continue to increase.