Pensioners hard hit as inflation erodes monthly pay

Pensioners | PENSIONERS OF THE NIGERIAN RAILWAY CORPORATION GOING THROUGH VERIFICATION IN LAGOS ON MONDAY (03-09-012). Businessday

Pensioners are among the hardest hit by the high inflation rate in Nigeria as soaring prices of goods and services are eating into their fixed monthly pay. Pensioners who spoke to BusinessDay said the value of their monthly pension incomes has gone down by over 400 percent in the last seven years without any increment. […]

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