Post
Topic
Board Nigeria (Naija)
Merits 1 from 1 user
Re: Balancing Financial security and Bitcoin Accumulation
by
Agbamoni
on 09/08/2025, 13:13:57 UTC
⭐ Merited by JayJuanGee (1)
Based on the economic situation in Nigeria, it will take lots of sacrifice for a minimum wage earner to have discretionary funds. The cost of living is going high and salaries have not been increased making people spend all they have earned for the month on basic needs.

Minimum wage earner cannot afford to have discretionary income no matter how they try to minimize cost in Nigeria. The minimum amount for an investor to invest weekly is $10 which is around NGN 15,000 and the monthly minimum wage amount is NGN 70,000.

NGN 15,000 time 4 weeks is NGN 60,000.
NGN 70,000 - NGN 60,000.

What will be left to cover monthly expenses would be NGN 10,000. Which we know it is impossible to cover up their needs.