In a significant development, Nigerian workers now have the opportunity to earn their salaries in US dollars. This new policy has been confirmed and verified, allowing Nigerians to legitimately receive their pay in foreign currency.
This change is particularly noteworthy as it offers a way for workers to mitigate the effects of the local currency’s fluctuations. With the current economic challenges, including the impact of global crude oil price drops, this move could provide some financial stability for those involved.
The approval for this policy comes at a time when the Nigerian government is taking various measures to address economic hardships. For instance, President Muhammadu Buhari has recently ordered a 50% cut in his annual salary to reflect the current economic realities, and other government officials, including the Vice President, have followed suit.
This development is expected to benefit certain sectors and individuals, especially those engaged in international or foreign-funded projects. It marks a new era in compensation practices in Nigeria, offering workers the chance to earn up to $21,000 monthly in some cases.
