Nigeria Minimum Wage Rate 2023
Nigeria has a government-mandated minimum wage, and no worker in Nigeria can be paid less then this mandatory minimum rate of pay. Employers in Nigeria who fail to pay the Minimum Wage may be subject to punishment by Nigeria's government.
What is the Nigeria Minimum Wage?
Nigeria's Minimum Wage is the lowest amount a worker can be legally paid for his work. Most countries have a nation-wide minimum wage that all workers must be paid.
Nigeria's minimum wage 18,000 naira per month,nationally (with a 13 month year as the law mandates an extra month's pay for the Christmas holiday). Some states and private sector companies have not yet raised their minimum wage to 18,000 naira for all employees. Nigeria's minimum wage was last changed in 1-Jan-2011.
How does Nigeria's minimum wage compare to the minimum wage in other countries?
Nigeria's yearly minimum wage is $1,543.00 in International Currency. International Currency is a measure of currency based on the value of the United States dollar in 2009. There are 88 countries with a higher Minimum Wage then Nigeria, and Nigeria is in the top 45 percent of all countries based on the yearly minimum wage rate.
Facts and statistics about Nigeria
Nigeria is a country located in the Western Africa region with a population of 111,506,000 and an average life span of 51.6 years.
|Gross National Product||$65,707.00|
|Government Type||Federal Republic|
|Current Leader||Olusegun Obasanjo|
|Continent & Region||Africa, Western Africa|
|Surface Area||923,768 square kilometers|
|ISO 3166 Country Code||NG|
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