What this means
A higher wage floor, but still a tight household budget
The shift to ₦70,000 is a meaningful rise from the old ₦30,000 benchmark, but it does not automatically mean most workers are financially comfortable.
Food, transport, fuel, and rent still absorb a large share of a low-income household budget, which is why a bigger minimum wage can still feel tight in practice.
In simple terms: the floor is higher, but living costs are still heavy.