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Although Nigeria has one of the largest economies in Africa, its minimum wage is relatively low compared with other African countries. The government proposed a 100% increase of the minimum wage from ₦30,000 to ₦60,000, but the unions rejected this as "unsustainable" and demanded a larger increase. [2]
Public sector workers in Nigeria on the minimum wage will see their salaries double after the government reached an agreement on Thursday with labor unions that have been threatening further ...
General minimum wage by territory, as of February 2023. This is a list of the official minimum wage rates of the 193 United Nations member states and former members of the United Nations, also including the following territories and states with limited recognition (Northern Cyprus, Kosovo, etc.) and other independent countries.
ABUJA (Reuters) -Nigeria's main labour unions on Friday said they had declared an indefinite strike from Monday after failing to agree a new minimum wage with the government. The Nigerian Labour ...
18 July – The Nigeria Labour Congress, the Trade Union Congress, and the Nigerian government agree on a new minimum wage of ₦70,000 (US$43) per month, ending prolonged negotiations amid high inflation and a weakening currency. [28] 26 July–11 August – Nigeria at the 2024 Summer Olympics [29]
The government had proposed a 100% increase to 60,000 naira ($44.89), which the unions rejected, seeking a 1,547% increase instead, Onanuga added. ... Nigeria’s minimum wage is not among the ...
The Labour Act of 2004 also has an exception that states that any establishment which employs fewer than 50 workers does not have to abide to the Nigerian minimum wage. In 2019, a new implementation for an increase to more than 50,000 Naira was advocated but later settled to 30,000 Naira which has commenced payment at that rate. [4]
As prices rise across the country and across the economy, the fiscal worry word of the day is "inflation." Early in the year, there was widespread consensus that rising prices were just a temporary...