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Nigerian workers, hovering at about 50 million, have remained among the lowest earners in the world, as the monthly wage floor in Africa’s most populous country has fallen to $23 amidst the worsening cost of living crisis .
The continual depreciation of the naira has pushed Nigerians to the second lowest paid just behind Bangladesh where the minimum wage is $14.64 monthly.
This comes as the world marks International Workers’ Day, bringing to memories concern over the welfare of workers in Nigeria as well as the quality of the labour force amidst the economic hardship posed by the removal of subsidies on motor spirit and the liberalisation of the exchange rates.
In April 2019, when the present national minimum wage law came into effect, the exchange rate was N360 to the…
Source: Guardian Newspaper
