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US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation - Politics - Nairaland

Nairaland ForumNairaland GeneralPoliticsUS Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation (14392 Views)

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US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by Maxymilliano(op): 12:28pm On Aug 19, 2025
A US report on Nigeria has said that the recent new minimum wage of N70,000 ($47.9) approved by the federal government for federal workers has been eroded by the devaluation of the Naira, which has risen to over N1,500/$1.

In the latest Country Reports on Human Rights Practices for 2024 by the United States Department of State, Bureau of Democracy, Human Rights, and Labour, the US noted that upon that, firms with less than 25 workers did not benefit from the new wage.

The law provided for a national minimum wage for public and private sector employers with 25 or more full-time employees, with exceptions for seasonal agricultural workers, part-time workers, those on commission, and some others.

The National Minimum Wage (Amendment) Act 2024 doubled the minimum wage to 70,000 naira ($47.90) per month. Despite the increase, currency devaluation meant the minimum wage was no longer higher than the poverty income level. Many employers had fewer than 25 employees, so most workers were not covered,” the report said.

Besides, it stated that some states have declined to implement the minimum wage law, citing financial constraints, with the law mandating a 40-hour workweek, two to four weeks of annual leave, and overtime and holiday pay, except for agricultural and domestic workers.

In the same vein, it stressed that the law did not define premium pay or overtime and prohibited excessive compulsory overtime for civilian government employees, stressing that the government rarely effectively enforced minimum wage and overtime, while penalties were low and not commensurate with other crimes such as fraud.

“Between 70 and 80 per cent of the country’s working population worked in the informal economy. Authorities did not enforce wage, hour, and Occupational Safety and Health (OSH) laws and inspections in the informal sector or with part-time workers,” it said.


On the rights of young people as they relate to marriage, the US report noted that while 18 years remain the age of consent, several states in the country routinely flout this law, with children getting married at as low as 11 years.

Federal law sets a minimum age of 18 for marriage for both boys and girls. While 35 states, all except Zamfara State, adopted the law, many states, especially northern states, did not uphold the federal minimum age.

“In some states, children as young as 11 could be legally married under customary or religious law. The government worked with local and international partners to engage religious leaders, emirs, and sultans on the issue, emphasising the health hazards of early marriage,” the report emphasised.

The report further indicated that there were reports of disappearances by or on behalf of government authorities, quoting Amnesty International (AI), which said the whereabouts of “dozens of young men detained at SARS Awkuzu,” a former SARS police station in Anambra State, remained unaccounted for since the disbandment of the SARS in 2020.

The report also highlighted prolonged detention without charges, stating that while the constitution and law prohibited arbitrary arrest and detention and provided for the right of any person to challenge the lawfulness of their arrest or detention in court, the government sometimes did not observe these requirements.

“Police and other security services had the authority to arrest individuals without a warrant if officials reasonably suspected a person committed a crime. Security forces sometimes abused this authority.

“The law required subjects be brought before a magistrate within 48 hours and have access to lawyers and family members. According to the law, initial pretrial detention orders were not to exceed 14 days. In some instances, government and security employees did not adhere to this regulation.

“The law required an arresting officer to allow the suspect to obtain counsel and post bail for some crimes. Provision of bail was often arbitrary or subject to extrajudicial influence. In many areas with no functioning bail system, suspects were incarcerated indefinitely in investigative detention,” it added.

At times, the US said that the authorities kept detainees incommunicado for long periods, with security personnel reportedly arbitrarily arresting numerous persons during the year.

“In their prosecution of corruption cases, law enforcement and intelligence agencies did not always follow due process, arresting suspects without appropriate arrest and search warrants,” the report stated.

It also flagged lengthy pretrial detention as a serious problem, pointing out that detainees often waited years to gain access to a court, and in many cases, multiple adjournments resulted in years-long delays.

“Some detainees were held in pretrial detention for periods equal or exceeding the maximum sentence for the accused crime. The shortage of trial judges, trial backlogs, endemic corruption, bureaucratic inertia, and undue political influence seriously hampered the judicial system.

“Some detainees had their cases delayed because the Nigeria Police Force and the Nigerian Correctional Service did not have vehicles to transport them to court. Some individuals remained in detention because authorities lost their case files,”
it said.
https://www.arise.tv/us-report-says-n70000-minimum-wage-undermined-by-naira-devaluation/?fbclid=IwQ0xDSwMRPc5leHRuA2FlbQIxMAABHom1iu_HBQ6DdBCF3isNtgBpfkKs2bnsfQWjDdwGyZeQeCgEvVKolPiCmoOP_aem_hYtENiUdr1oWlo4Zb99AEg

Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by givedemwotowoto: 12:30pm On Aug 19, 2025
In 2027, the goal is to vote out Tinubu as President. His policies were ill timed and poorly implemented, and this resulted in extreme hardships for millions of Nigerians.

Having said that, opposition needs to get together now. Nigerians can’t have this continued lack of unity and direction
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by zero8zero(m): 12:55pm On Aug 19, 2025
givedemwotowoto:
In 2027, the goal is to vote out Tinubu as President. His policies were ill timed and poorly implemented, and this resulted in extreme hardships for millions of Nigerians.

Having said that, opposition needs to get together now. Nigerians can’t have this continued lack of unity and direction
Don't mind that Tinubu, the US has spoken the truth. Tinubu will copy Trump and present a big beautiful budget. Then after, he will open an Opay account asking Nigerians to contribute to help pay back the debts 🤣🤣🤣
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by zero8zero(m): 12:59pm On Aug 19, 2025
How would you control inflation if there's more money in the system. As long as the economy is being stabilized, the value of naira becomes stronger. And if US are that bothered, they can help us with $20billion world bank loan like they helped Argentina.
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by jmoore(m): 1:04pm On Aug 19, 2025
zero8zero:
How would you control inflation if there's more money in the system. As long as the economy is being stabilized, the value of naira becomes stronger. And if US are that bothered, they can help us with $20billion world bank loan like they helped Argentina.
Cost push inflation is not caused by more money in circulation.

Nigeria is experiencing cost push inflation.
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by Racoon(m):
Do you need the US to tell you that solemn reality? A government whose unfeasible economic policies and policy somersaults have so much devalued the naira that the purchasing power of the common man is now useless.

What can 70k comfortable buy you in Nigeria today? It can even foot the average monthly TP of a civil servant let the private unemployed Nigerian.
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by Racoon(m):
zero8zero:
How would you control inflation if there's more money in the system.....And if US are that bothered, they can help us with $20billion world bank loan like they helped Argentina.
So was it of sound economic reasoning when your first class certificate forging accountant graduate of CSU (Amoda Ogunlere) asked Buhari to print more money as an impulsive solution to his self inflicted catastrophic economic policies?

Did you said "And if US are that bothered, they can help us with $20billion world bank loan like they helped Argentina." Though you lots said your wonder dog first class economist has out performed his Argentinian classmate in political leadership?

So how come his political strategy is important to your drug lord "nah statistics we go chop" crooner? Why borrowing when there is subsidy savings? You see una warped prismatic worldview?
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by Factcheck0001: 1:22pm On Aug 19, 2025
givedemwotowoto:
In 2027, the goal is to vote out Tinubu as President. His policies were ill timed and poorly implemented, and this resulted in extreme hardships for millions of Nigerians.

Having said that, opposition needs to get together now. Nigerians can’t have this continued lack of unity and direction
vote out tinubu n vote in your agulu packaged fraud right?

So we should leave tinubu a performer n vote a failure cos he's from your tribe?

Or is it atiku that he himself made it clear he failed with obj that we should vote?

Dey play
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by zero8zero(m):
jmoore:
Cost push inflation is not caused by more money in circulation.

Nigeria is experiencing cost push inflation.
Enhen, so why is CBN mopping excess liquidity as a result of printing of excess naira?.
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by SocialJustice: 1:29pm On Aug 19, 2025
Minimum wage should be 500k.
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by zero8zero(m): 1:29pm On Aug 19, 2025
Racoon:
What is of sound economic reasoning when your first class certificate forging accountant graduate of CSU (Amoda Ogunlere) asked Buhari to print more money as an impulsive solution to his self inflicted catastrophic economic policies
You think Tinubu is like that 3rd class Philosophy fraud that does even know the meaning of climate change.

Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by Racoon(m): 1:30pm On Aug 19, 2025
Factcheck0001:
vote out tinubu n vote in your agulu packaged fraud right? So we should leave tinubu a performer.....
Daniel Bwala, Reno Omokri, Femi Fani-Kayode, have long informed the world of the sensational failure your drug lord is and how excellent Peter Obi is in governance and administration. Nothing can ever erase that fact.

@PeterObi is better than @officialABAT both as a governor and a businessman. If Peter Obi had the revenue and FG infrastructure of Lagos, he would have truly turned Anambara more than Tinubu left Lagos........
https://twitter.com/BwalaDaniel/status/1584803684063453190?t=zrQA6htLm89BpTK0UByAuA&s=19
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by Racoon(m):
zero8zero:
You think Tinubu is like that 3rd class Philosophy fraud that does even know the meaning of climate change....
Yeah! Peter Obi may not know, but he definitely not notorious for forging his genealogy(family linage), academic certificates while attending ghost schools, even childhood pictures of Donald Duke's childhood as your drug lord shamelessly did ok.

Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by Didijiji: 1:37pm On Aug 19, 2025
who no know before

na only the mu,mu zombies dey see am as achievement

ahahahahah
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by helinues: 1:37pm On Aug 19, 2025
https://www.nairaland.com/8113134/n70-n80k-realistic-minimum-wage/

The N70k is the realistic amount the FG can approve as minimum wage for now
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by atobs4real(m): 1:38pm On Aug 19, 2025
Thank you for that analysis. ₦70,000 and turned to ₦700
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by mystry(m): 1:38pm On Aug 19, 2025
The problem has always been low purchasing power, even if they increase minimum wage to 1m but the money is not able to solve basic needs then we are still where we are.
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by jmoore(m): 1:39pm On Aug 19, 2025
zero8zero:
Enhen, so why is CBN mobbing excess liquidity as a result of printing of excess naira?.
Cos they are doing copy and paste economics.

Ask yourself since they started mopping the so called excess naira, have transport cost reduced? Have electricity bill reduced?

How will mopping of excess naira reduce cost of production when petrol went from 165 naira to 900 naira?
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by Drsnives(m): 1:39pm On Aug 19, 2025
If no be my okada I dae take supplement my minimum wage.. where I for dea..
Thank God for wisdom sha..
2 plots of land is already a goal..
Na to start moulding soonest
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by adamkkk: 1:40pm On Aug 19, 2025
they will insult the USA now because USA is not saying nice abt dem
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by zero8zero(m): 1:41pm On Aug 19, 2025
Racoon:
Yeah! He was not but he notorious for even forging his genealogy(family linage), academic certificates while attending ghost schools, even childhood pictures of Donald Duke's
As you be the patriarch of Tinubu's family 😂😂😂😂 Better go check your BP, because this load you carry so, if you fall, I don't have strength to carry somebody.
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by iwaeda: 1:42pm On Aug 19, 2025
When we said it that N70k minimum wage is useless, they claim the economy is improving. Even Presidency through RMFAC is trying to increase salary. Hope N30k troll money will be upgraded too. grin grin grin grin
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by SeeWahala: 1:42pm On Aug 19, 2025
Una never see anything. By the time tilumbu finish with you nigerians whenever Una see APC e go dey give una serious nightmares ajè 🤗
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by Racoon(m): 1:42pm On Aug 19, 2025
zero8zero:
As you be the patriarch of Tinubu's family.....
Person wey the original Tinubu family denounced. Person from Irajigbi Osun state dey claim Lagos by force. Just say the utter uselessness and criminality of your demigod dey shame you.
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by IPDGP: 1:43pm On Aug 19, 2025
He is right, let assume the 70k is in Ghana cedis na around 200k be that
Come assume say na 70k dollars
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by jmoore(m): 1:43pm On Aug 19, 2025
helinues:
https://www.nairaland.com/8113134/n70-n80k-realistic-minimum-wage/

The N70k is the realistic amount the FG can approve as minimum wage for now
Because Tinubu is driving us backwards.

30,000 naira under Buhari is more valuable than 70,000 under Tinubu.
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by helinues: 1:44pm On Aug 19, 2025
jmoore:
Because Tinubu is driving us backwards.

30,000 naira under Buhari is more valuable than 70,000 under Tinubu.
Oya go and wake Buhari up to continue paying the N30k then
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by JackDaAlienz(m): 1:44pm On Aug 19, 2025
Anything you say in this post will be used against you during your next interview at US embassy.
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by NotOgaSeun: 1:46pm On Aug 19, 2025
Make USA face their country...
Make dem leave us alone..
Na those mumu people wey japa dey cause this embarrassment...
He no go better for dem
Re: US Report Says ₦70,000 Minimum Wage Undermined By Naira Devaluation by zero8zero(m): 1:47pm On Aug 19, 2025
jmoore:
Cos they are doing copy and paste economics.

Ask yourself since they started mopping the so called excess naira, have transport cost reduced? Have electricity bill reduced?

How will mopping of excess naira reduce cost of production when petrol went from 165 naira to 900 naira?
grin grin grin
Go school you said No. If you removed subsidy, what happens?. Common sense should tell you prices will go up. Mopping up stabilizes the naira value.
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