Nigeria increased its minimum wage by 133% in 2024, yet household consumption fell 61%. This reveals a harsh reality: Nigeria's middle class is disappearing. Once comprising 38% of the population in the 2010s, it's now estimated at just 12-19% in 2024. While wages rise nominally, purchasing power collapses under 40% food inflation. In Lagos, 78% of workers earn far below middle-class thresholds. Meanwhile, Nigeria's ultra-wealthy class grows, creating a "barbell economy" with