The President of the United States, Joe Biden, has increased the minimum wage of those working on federal contracts to $15 per hour which corresponds with N6,750 at the parallel market exchange rate of N450 per dollar.

Biden made the announcement on Tuesday on his Twitter handle to notify all workers residing in the United State of the development.

In Nigeria, the minimum wage per month is N30,000 which equals $66 in the face of economic hardship, therefore, perpetuating paucity among the people as food prices and other essentials daily rise in the country.

He said, “I believe no one should work full time and still live in poverty. That’s why today, I raised the minimum wage to $15 an hour for people working on federal contracts.”