It is most unfortunate that despite its resource endowment Nigerian workers are some of the most underpaid in the world.
The minimum wage in Nigeria is exceptionally low. Nigeria can afford three times the current amount as minimum wage if wanton theft and extravagant wastage of public funds are put in check. There is no reason to purchase vehicles every year for all ministries and departments. There is no reason on earth to be rewarding former HOS, governors, etc with the salary equivalent of their sitting counterparts, plus vehicles and support.
Nigerians trusted and believed that Muhammadu Buhari would put a check to all the malfeasance that impoverished Nigeria in such a manner that a landlocked and resources lacking Chad Republic pays higher minimum wage than Nigeria; unfortunately, he is discombobulated by what he met upon assuming office. I doubt that Nigeria will ever be salvaged.
1. Nigeria - $38 (N18,000).
2. Algeria - $175 (N83,000).
3. Belgium - $1,738 (N810,000).
4. Cameroon - 36, 270CFA ($75) N38,000.
5. Chad - $120 (N60,000).
6. Denmark - $1,820 (N900,000).
7. Libya - $430 (N190,000).
8. Japan - $1000 (N450,000).
9. Cote D'ivoire -36,607CFA $72.
10. New Zealand -$3,187 (N1.4m).
11. Luxemburg - $2,500 (N1.1m).
12. Spain - $760. (N300,000).
13. Switzerland - $5,620 - N2.5m.
14. USA - $11 per hour.
Ironically, Nigeria politicians earn the highest salaries in the whole world.
In Luxemburg where the minimum wage is $2,500, their lawmakers are paid $7,400. In Libya where the minimum wage is $430, lawmakers earn $3000.
In Nigeria where the minimum wage is $38 (N18,000), lawmakers earn $45,000 (N16m).
How long will this continue???
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