Nigeria news minimum wage

Here are some recent updates on the minimum wage in Nigeria:

Current Minimum Wage in Nigeria:

As of 2021, the minimum wage in Nigeria is N30,000 (approximately $80 USD) per month. This was increased from the previous minimum wage of N18,000 (approximately $50 USD) per month, which was in place since 2011.

History of Minimum Wage in Nigeria:

The minimum wage in Nigeria was first introduced in 1973, with a wage of N1.50 per day. Over the years, the minimum wage has been increased several times, with the most recent increase being in 2011, when it was increased to N18,000 per month.

Recent Developments:

In 2020, the Nigerian government announced plans to increase the minimum wage to N30,000 per month, following a long-standing demand by labor unions and workers. The increase was approved by the National Assembly in April 2020.

Implementation Challenges:

Despite the increase in the minimum wage, there have been challenges in implementing the new wage structure. Many states in Nigeria have been unable to pay the new minimum wage, citing financial constraints. Some states have also been accused of not implementing the new wage structure, with some workers still receiving the old minimum wage of N18,000 per month.

Impact on Workers:

The increase in the minimum wage has had a positive impact on workers in Nigeria, with many workers reporting an improvement in their standard of living. However, the increase has also led to concerns about inflation and the potential for further increases in the cost of living.

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