Renowned Nigerian journalist Mukhtar Wakeel has sparked a heated debate with his unconventional take on managing Nigeria’s proposed N70,000 minimum wage.
Speaking at a media event in Lagos on Saturday, Wakeel argued that proper financial planning, coupled with lifestyle adjustments, can make the minimum wage sustainable for workers, particularly men.
Wakeel emphasized the importance of cutting out unnecessary expenses, pointing specifically to the financial burden of extramarital relationships. “N70,000 is not too small to live on if you know how to prioritize. Cut your coat according to your cloth. Many people find themselves in debt or complaining about low income because they divert resources into non-essentials, like maintaining multiple relationships. If you focus on your family and core responsibilities, you’ll be surprised at how far your salary can go,” he stated.
The journalist went further to illustrate how discretionary spending on “side chicks,” as he put it, often drains resources that could otherwise be channeled into savings, education, or investments. “If people take stock of their spending habits, they’ll realize that their salary is enough to cover basic needs. But it takes discipline. Sacrifices must be made,” he added.
Wakeel acknowledged the harsh realities of Nigeria’s current economic climate, including rising inflation and the cost of living. However, he maintained that the new minimum wage, though modest, is a step in the right direction and could provide a foundation for financial stability with the right mindset.
“Let’s face it,” Wakeel continued, “Nigeria’s economy is tough, and even N100,000 may not seem like enough for some people. But it all comes down to financial discipline. Eliminate wasteful spending and invest in things that truly matter, like your children’s education or small-scale business ventures.”
His comments quickly went viral on social media, eliciting mixed reactions. Some praised his pragmatic approach to personal finance, while others criticized his remarks as dismissive of the systemic challenges workers face.
A teacher from Abuja, identified as Grace, commented, “While I understand what he’s saying about discipline, the reality is that N70,000 is barely enough to cover rent, transportation, and feeding, even for a single person.”
Another respondent, an entrepreneur named Felix, supported Wakeel’s stance, saying, “He’s right. Many people live beyond their means. If you focus on needs instead of wants, you’ll make it work.”
Wakeel concluded his remarks by urging the government to ensure timely payment of the new minimum wage, alongside efforts to curb inflation and reduce the cost of basic amenities. “The minimum wage is only meaningful if it can actually support a worker’s livelihood. The government must do its part to make life more affordable for everyone,” he said.
As the debate continues, Wakeel’s statement serves as a call for both fiscal responsibility and systemic reform in Nigeria’s evolving economic landscape.
