Nigeria is an oil-rich country and yet its people live in absolute poverty. A small privileged elite profits from the oil industry, stashing away their ill-gotten gains and do not use this oil wealth to improve living conditions for the masses. Now they want to worsen things with deregulation. The only answer is nationalisation and planning of the resources under workers' control.

Most Nigerian workers earn miserably low wages. The present minimum wage is set at 5,200 Naira (US$36) per month. The workers have now raised the demand for a 52,000 Naira (US$360) minimum wage, still low compared to international standards, and yet the Nigerian elite complain that this will damage the economy!

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