Compare And Contrast: Minimum Wage In Nigeria Vs Minimum Wage In Other Countries | Online Naija

Compare And Contrast: Minimum Wage In Nigeria Vs Minimum Wage In Other Countries

By  | 

According to Wikipedia, a minimum wage is the lowest remuneration that employers can legally pay their workers. Equivalently, it is the price floor below which workers may not sell their labor. Although minimum wage laws are in effect in many jurisdictions, differences of opinion exist about the benefits and drawbacks of a minimum wage.

In Nigeria, the latest news on minimum wage indicates that the various arms of government of the country are not really ready to discuss not to talk of increase the minimum wage to a reasonable amount owing to how expensive things in Nigeria has increased and even the economy.

According to our little research on how much some countries collect as their minimum salaries, it was found out that Nigeria is at the losing end when compared to what other countries collect. What even more shocking was the huge difference in the salary structure of a lawmaker in Luxembourg and that of a Nigerian senator salary. The difference is just too glaring.

BELOW IS A COMPILED LIST OF THE MINIMUM WAGES OF COUNTRIES OF THE WORLD

1. Nigeria – $38 (N18,000).

2. Algeria – $175 (N83,000).

3. Belgium – $1,738 (N810,000).

4. Cameroun – 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 minimum wage is $2,500, their lawmakers are paid $7,400. In Libya where minimum wage is $430, law-makers earn $3000. In Nigeria where minimum wage is $38 (N18,000), law-makers earn $65,000 (N29m).

Leave a Reply

Be the First to Comment!

Notify of
avatar
wpDiscuz
  1. Sofa Kiss Daniel 3:43
  2. Love No Go Die || OnlineNaija.com Olamide 3:30
  3. One Take ft Terry Apala Dabat ft. Terry Apala 3:45
  4. Gbefun || OnlineNaija.com Chinko Ekun 3:19
  5. Juice || OnlineNaija.com Ycee Ft. MaleekBerry 4:15
  6. BE TEKNO 3:46
  7. Shape of You Terry Apala 3:53
  8. One For Me RAYCE 3:17
  9. Jaiye Jaiye Remix (International version) Wizkid 3:09
  10. Ghetto Love ft. Daddy Showkey, Marvelous Benji, Danfo Drivers, African China & Baba Fryo Sound Sultan 4:46
  11. Kilamity Sugarboy ft Kiss Daniel 4:01
  12. Adurah || Vector Vector 3:24
  13. Polybag || Reminisce Reminisce 4:10
  14. Wawu || Mz Kiss Mz Kiss 3:10
  15. Son Of Anarchy | Olamide Olamide Ft. Burna Boy & Phyno 2:22
  16. 10/10 Abdulala 3:58
  17. Sweet Love | Wizkid Wizkid 3:24
  18. Wine To The Top ▶ Vybz Kartel & Wiz Kid 3:39
  19. Gbeborun | OnlineNaija.com Klever Jay ft. Small Doctor 3:23
  20. Chinko Ekun - SHAKE IT 3:17
  21. Blessing Me || OnlineNaija.com Banky W 3:53
  22. Over And Over (Ft Tha Suspect) || Mp3Naija.Com iLLBliss 3:21
  23. No Fake Love ▶OnlineNaija.com Lil Kesh 3:30
  24. Lori Titi-Durella || OnlineNaija.com Durella Ft. Stormy 3:38
  25. Pity 4 Us || OnlineNaija.com Timaya 3:25
  26. Confirm It | OnlineNaija.com Expensive Ft. Solidstar 3:14
  27. KUMBAYA | OnlineNaija.com Dakeys 3:06
  28. Lepepe | OnlineNaija.com Pelly Ft. Seriki 3:37
  29. Mi O Yo | OnlineNaija.com 9ice 3:31
  30. Gamululu Cover || OnlineNaija.com Gfresh x Geofficialmix x Apass 2:27
  31. Basketmouth || OnlineNaija.com Fela 4:57
  32. Iyanya - Hold On || OnlineNaija.com Iyanya 3:11
  33. Another Level Jaywon ft Mr. Eazi 4:08
  34. Apala New Skool || OnlineNaija.com Qdot 4:44
  35. S.H.O.U.T (Mixed By Possigee) ▶ OnlineNaija.com Sarkodie 3:13
  36. Perfect Woman || OnlineNaija.com Faze 4:59
  37. Falz - Baby Boy || OnlineNaija.com Falz 3:09
  38. Row Ya Boat || OnlineNaija.com May D Ft Rock City 4:11
  39. Wave (Remix) || OnlineNaija.com Iceberg Slim ft Davido, Shatta Wale, Terry Apalla, Wale Turner & LAX 3:55
  40. Carry Go | OnlineNaija.com Chief Obi Ft. Olamide 4:27
  41. RELIABLE-KOTOMI - OnlineNaija.com RELIABLE-KOTOMI
  42. ALIGNMENT || OnlineNaija.com Sean Dampte Ft. Rayce 4:18
  43. Slow Whyne | OnlineNaija.com Que Peller 3:29
  44. Yamarita | OnlineNaija.com Joe El Ft. Olamide 4:05
  45. IJO ALERT ASHLEY STEPHANIE FT SELEBOBO 3:42
  46. Yala Yolo Jhybo 3:21
  47. For You Skales 3:27