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Proposed Wage Hike Could Drive Egg Prices to ₦10,000 per Crate, Warns Farmer
Proposed Wage Hike Could Drive Egg Prices to ₦10,000 per Crate, Warns Farmer

A Nigerian farmer recently expressed concerns on the X platform about the financial implications of raising his workers' wages to N105,000.

He warned that if the federal government raises the minimum wage to N105,000, he would need to sell a crate of eggs for N10,000.

The farmer emphasized that to cover the cost of the wage increase, the price of eggs, which are currently sold at approximately N4,000, would need to rise to N10,000. He stated, "Increase salary to ₦105,000, expect me to sell a crate of egg for ₦10,000. It’s that simple."

In a follow-up post, he criticized the unrealistic expectations of consumers, saying, "Nigerians are way too emotional to have a rational conversation with. A ton of corn is N820,000, yet they want N30 eggs and N1,200 chickens whilst you pay your staff N105,000. It’s insanity at this point."

See some reactions

Kelz_bania penned: “The main question is, do you even pay your staff the current minimum wage? If them check you pay 10k.”

badmanzeal stated: “Increase in wage will directly translate to an increase in demand and without a corresponding increase in supply that’s a textbook recipe for inflation. The only way out of this debacle is moving from consumption to production.”

Dukecute11 wrote: “Some of you will just do anything to justify your wickedness to the poor. Increase it to 20k, it won’t affect us. But you see that minimum wage, it will be increased to that amount and it will choke you.”

bolsaid added: “Thank God it isn’t a monopolistic market, imagine if you are the only one selling so you won’t sell based on cost price but purchasing power right?”

Proposed Wage Hike Could Drive Egg Prices to ₦10,000 per Crate, Warns Farmer

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