
Bola Ahmed Tinubu
What can people afford since he took office?
Minimum-wage affordability · May 2023 → May 2026
Historical snapshot · reviewed 11 October 2026
Affordability /100
Worse than the baseline
50 = unchanged · higher = better
The legal monthly minimum wage rose from ₦30,000 to ₦70,000, but fuel and several foods rose faster. This score measures how that wage benchmark buys the same reported goods and journeys. It records outcomes during this presidency; it does not establish that every change was caused by the president.
Latest context · 8 October 2026
The World Bank reports stronger growth and a stabilised poverty rate, while elevated inflation continues to put pressure on household purchasing power. That newer assessment is shown separately from this May 2026 price snapshot.
World Bank Nigeria Development Update · 8 Oct 2026 ↗Staples
51.9 /100
+7.9% purchasing power
20% of this score
Protein
45.1 /100
-18.0% purchasing power
20% of this score
Produce
40.2 /100
-32.8% purchasing power
20% of this score
Fuel
25.8 /100
-65.2% purchasing power
20% of this score
Transport
50.2 /100
+1.0% purchasing power
20% of this score
Before and after: audit every figure
| Item | May 2023 | May 2026 | Price change | Wage purchasing power |
|---|---|---|---|---|
| Brown beans, sold looseper kg | ₦629.75 ↗ | ₦1,344.93 ↗ | +113.6% | +9.3% |
| White garri, sold looseper kg | ₦371.42 ↗ | ₦813.24 ↗ | +119.0% | +6.6% |
| Boneless beefper kg | ₦2,520.52 ↗ | ₦7,171.41 ↗ | +184.5% | -18.0% |
| Tomatoesper kg | ₦498.34 ↗ | ₦1,560.56 ↗ | +213.2% | -25.5% |
| Onionsper kg | ₦453.86 ↗ | ₦1,180.01 ↗ | +160.0% | -10.3% |
| Yam tuberper kg | ₦457.25 ↗ | ₦2,347.09 ↗ | +413.3% | -54.5% |
| Petrol (PMS)per litre | ₦238.11 ↗ | ₦1,596.25 ↗ | +570.4% | -65.2% |
| Urban bus journeyper drop | ₦649.59 ↗ | ₦1,431.25 ↗ | +120.3% | +5.9% |
| Intercity bus journeyper person/drop | ₦4,002.16 ↗ | ₦9,699.55 ↗ | +142.4% | -3.7% |
How this score works and what it covers
For each item, r = (₦70,000 ÷ May 2026 price) ÷ (₦30,000 ÷ May 2023 price). Each category uses the geometric mean of its item ratios. Category score = 100 × r ÷ (1 + r). The five categories receive equal weights. The final value is 42.64, rounded to 43 for display. An unchanged ratio of 1 scores 50; a deterioration scores below 50; an improvement scores above 50.
The category weights are editorial choices. The selected items are a partial benchmark, not a complete consumption basket or an official NBS welfare index. The minimum wage is a legal floor for covered employment; many Nigerians do not earn it, and this calculation does not assume every worker received the increase.
May 2023 is the inauguration-month average, not an exact 29 May price. May 2026 is the latest common reporting month verified for this comparison. These figures are not presented as October 2026 prices. Rice and bread were excluded because item definitions changed. Prices are compared directly; CPI indices across the rebasing are not spliced together.
Housing, electricity, jobs, poverty and personal security are not scored here without comparable sourced observations. The wider economic, governance and corruption-risk framework remains available below and carries its own source dates.
Methodology v1.2 · Challenge a figure or suggest a better comparison.



