All things now have higher prices.
The rate of inflation is at an all-time high.
NIGERIAN WORKERS’ MINIMUM WAGE & NASS BUDGET
Budget for NASS || Minimum Wage
1999: $2.2 billion || $3,000
₦29.5bn || ₦7,500 in 2000
2011: $18,000 || ₦111bn
₦139.5 billion || ₦30,000 in 2018
₦128 billion || ₦30,000 in 2019
2020: $128 billion || $30,000.
₦134bn || ₦30,000 in 2021
₦139bn || ₦30,000 in 2022
₦228.1bn || ₦30,000 in 2023
₦344.9bn || ₦30,000 in 2024
The expected monthly entitlement in the 2024 budget is:
₦37.57 million, Senator
Member of HoRep: ₦18.20 million
Nigerian Workers’ Minimum Wage: ₦30,000
Yes, you heard correctly—our minimum salary of $21 per month is among the lowest in the world! $21
however, the funding for our national parliament was relocated from
changed in 2023/2024 from ₦228.1B to ₦344.9B.
That is a discrepancy of ₦116.8B.
most amount in Nigerian history
However, our minimum salary remains ₦30,000. Some states don’t even make the required payments.
Which direction Nigeria?
Credit: Allschoolabs, Nairaland
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