Giant Of Africa? Why A 70,000 Naira ($52) A Month Minimum Wage Proves Otherwise - Politics - Nairaland
Nairaland Forum › Nairaland General › Politics › Giant Of Africa? Why A 70,000 Naira ($52) A Month Minimum Wage Proves Otherwise (128 Views)
Poll: Nigerian minimum wage should be:
70,000 naira
0% (0 votes)
150,000 naira
0% (0 votes)
200,000 naira
16% (1 vote)
350,000 naira
83% (5 votes)
This poll has ended |
| Giant Of Africa? Why A 70,000 Naira ($52) A Month Minimum Wage Proves Otherwise by denitro(op): 11:49pm On Oct 31 |
When looking at economic statistics, Nigeria is often celebrated as one of Africa’s largest economies. However, comparing actual worker compensation across the continent reveals a very different story. At **₦70,000 per month**—which translates to roughly **$52 USD**—Nigeria's minimum wage sits near the bottom tier on the continent, trailing far behind nations like Seychelles ($465), Morocco ($290+), South Africa ($280), and Côte d'Ivoire ($127). Here is why this wage gap directly impacts how the world views Nigeria: --- 1. A Currency Weakened by Inflation While increasing the wage from ₦30,000 to ₦70,000 looked big on paper locally, heavy currency devaluation and rising inflation mean that $52 buys very little today. Foreign investors and international observers look at dollar equivalent purchasing power, not just local currency digits. 2. The Human Capital & "Brain Drain" Crisis When baseline compensation remains low, top local talent, doctors, software engineers, and academics move abroad for better pay ("Japa" . A country losing its best workers struggles to build strong domestic industries, which hurts long-term international credibility.3. The Gap Between Resource Wealth and Reality Nigeria has vast natural wealth and a young population, yet its baseline pay is on par with far less resource-rich countries. Global institutions evaluate nations on household stability and living standards, not just oil revenue or total GDP. To be taken seriously as a global leader or secure top seats in international organizations, a country needs more than just a large economy, it needs a resilient, well-compensated workforce. Until economic policy translates into real purchasing power for everyday citizens, Nigeria's international influence will remain limited.
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| Re: Giant Of Africa? Why A 70,000 Naira ($52) A Month Minimum Wage Proves Otherwise by RandDigital: 5:36am On Nov 01 |
See as them say SA is a European country🇿🇦
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| Re: Giant Of Africa? Why A 70,000 Naira ($52) A Month Minimum Wage Proves Otherwise by Bayoonanuga: 6:48am On Nov 01 |
How much is seun paying nlfpmod Dominique mynd44 per month please denitro: |
| Re: Giant Of Africa? Why A 70,000 Naira ($52) A Month Minimum Wage Proves Otherwise by helinues: 7:24am On Nov 01 |
How much are things cost in Nigeria? How much is an average house rent per month? Though I am not justifying the N70k as is too small but the Nigeria workers are still enjoying the salary compared to reasonable other countries due to what they buy with the money |
| Re: Giant Of Africa? Why A 70,000 Naira ($52) A Month Minimum Wage Proves Otherwise by RandDigital: 7:30am On Nov 01 |
Bayoonanuga:You should ask how much APC is paying helinues 😐😐 |
| Re: Giant Of Africa? Why A 70,000 Naira ($52) A Month Minimum Wage Proves Otherwise by helinues: 7:33am On Nov 01 |
RandDigital:So you do troll others on weekends? So in short, there is no rest for this your new ordained trolling work bah? A South African carrying a mat to sleep on Nigeria forum. What a life |
| Re: Giant Of Africa? Why A 70,000 Naira ($52) A Month Minimum Wage Proves Otherwise by RandDigital: 7:45am On Nov 01 |
helinues:Im not trolling, its a fair observation. You're known as far as South Africa that you're an apc propagandist 😐😐
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| Re: Giant Of Africa? Why A 70,000 Naira ($52) A Month Minimum Wage Proves Otherwise by helinues: 7:46am On Nov 01 |
RandDigital:Your activities on this forum as a South African is actually funny. Apart from you lurking around the forum, pokenosing into things that shouldn't have concerned you, are you being paid by SA government to be defending them because I am doing exactly what you are doing on this forum, support and defend Nigeria .. If you are not being paid for supporting and defending your country, SA, why should I be paid here in Nigeria for doing the same? Some of you wouldn't mind to be reckless in your activities on this forum all in the name of seeking cheap attention. Then you must be a paid agent just like me. As well as a South Africa propagandist |
| Re: Giant Of Africa? Why A 70,000 Naira ($52) A Month Minimum Wage Proves Otherwise by delkuf(m): 7:47am On Nov 01 |
helinues:guys are you reallly ok. Are you a worker. I know you are not a civil servant. You are just talking in support of your paid master |
| Re: Giant Of Africa? Why A 70,000 Naira ($52) A Month Minimum Wage Proves Otherwise by helinues: 7:48am On Nov 01 |
delkuf:Before nagging, try and dispute what I wrote first. I don't know why some of you will leave the topic of discussion and be speaking in tongue with foreign language |
| Re: Giant Of Africa? Why A 70,000 Naira ($52) A Month Minimum Wage Proves Otherwise by delkuf(m): 7:54am On Nov 01 |
helinues:what did you say. You said nothing. You said nigeria are ok with the 70000. How can you say that. I am a civil servant. I can tell you wht i have passed through with my family this pass 3yrs. Dont say somethings because of politics. Families are suffering real suffering. |
| Re: Giant Of Africa? Why A 70,000 Naira ($52) A Month Minimum Wage Proves Otherwise by RandDigital: 7:56am On Nov 01 |
helinues:Oh, I'm no longer a troll. Now I'm a paid agent. Please take same pills Remi is feeding Baba to stabilise your brain muscle responsible for consistency. |
| Re: Giant Of Africa? Why A 70,000 Naira ($52) A Month Minimum Wage Proves Otherwise by helinues: 7:57am On Nov 01 |
delkuf: Though I am not justifying the N70k as is too small but the Nigeria workers are still enjoying the salary compared to reasonable other countries due to what they buy with the moneyJust go and ask for refunds from all your English teachers from primary school as they didn't teach you comprehension |
| Re: Giant Of Africa? Why A 70,000 Naira ($52) A Month Minimum Wage Proves Otherwise by helinues: 8:04am On Nov 01 |
RandDigital:Wait. Let's put sentiments, emotions, South Africa Nigeria aside. To start with, you are a South African so early on Nigeria forum, What are you doing on this thread to start with if it's about Nigeria affairs? How would you define your role on this forum considering your activities? Are you being paid to support and defend South Africa even when they are glaring wrong? Have you seen me in particular accusing you of being paid or a propagandist to defend South Africa? This thread is talking about minimum wage in Nigeria, you find your way to inject South Africa into this politically not even in comparation with the minimum wage thia discussion is all about. Check the time you are on this morning to be injecting South Africa into Nigeria political discussion, are you being paid to do that? Are you one of the propagandist representing SA on this forum? If you are not, why should I Isn't it hypocritical of you to be accusing me of something you mastered? Unfortunately, even with my epistle, I am not expecting coherent reply from you as you are a South African, you people don't know how to stay with topic of discussion. You have shown that above, you will definitely show it with your reply. My epistle is for the members to be wary of people like you who accused others on things they practiced and mastered |
| Re: Giant Of Africa? Why A 70,000 Naira ($52) A Month Minimum Wage Proves Otherwise by delkuf(m): 8:06am On Nov 01 |
helinues:it is you that need refund from all your english teachers. This is your exact words, "but nigerian worker are still enjoying the salary compare to reasonable countries. Does that not implies that workers are ok with the salary. 70000 is wickedness. It is devishly. There is no way workers are enjoying 70000 |
| Re: Giant Of Africa? Why A 70,000 Naira ($52) A Month Minimum Wage Proves Otherwise by helinues: 8:09am On Nov 01 |
delkuf: How much are things cost in Nigeria? How much is an average house rent per month?How much is a minimum wage in Ghana, how much is an average amount for barbing for men ? In Kenya, what's their minimum wage, how much is a bottle of beer? |
| Re: Giant Of Africa? Why A 70,000 Naira ($52) A Month Minimum Wage Proves Otherwise by delkuf(m): 8:19am On Nov 01 |
helinues:you did well by hand picking the countries. So since we are comparing minimum wage with other countries, while dont we compare with oil producing countries. Afterall, nigeria is if not the largest suppler of oil in africa. So it would fare to compare to oil producing countries in africa. Let look minimum wage of egypt, lybia and other oil producing countries not ghana. |
| Re: Giant Of Africa? Why A 70,000 Naira ($52) A Month Minimum Wage Proves Otherwise by RandDigital: 8:21am On Nov 01 |
Jj helinues:I didn't inject SA into the topic, it was already injected in the OP when comparing Nigerian minimum wage with its african counterparts. Then you came to lull the agitated masses as per your mandate as a propagandist. |
| Re: Giant Of Africa? Why A 70,000 Naira ($52) A Month Minimum Wage Proves Otherwise by helinues: 8:22am On Nov 01 |
delkuf:Tell us about the economy of Libya, how secure the country is . You are free to tell us other Africa countries earning high minimum wage but buying major items cheaper than Nigeria after converting exchanging rate |
| Re: Giant Of Africa? Why A 70,000 Naira ($52) A Month Minimum Wage Proves Otherwise by helinues: 8:24am On Nov 01 |
RandDigital: Unfortunately, even with my epistle, I am not expecting coherent reply from you as you are a South African, you people don't know how to stay with topic of discussion.I am being paid by Apc and also their propagandist on this forum while you are not EOD |
| Re: Giant Of Africa? Why A 70,000 Naira ($52) A Month Minimum Wage Proves Otherwise by NINpegrimage: 8:27am On Nov 01 |
helinues:Going to apply for a Job tomorrow? Done with the NIN ? |
| Re: Giant Of Africa? Why A 70,000 Naira ($52) A Month Minimum Wage Proves Otherwise by delkuf(m): 8:38am On Nov 01 |
helinues:what is the difference between the economy of libya and nigeria. Nigeria is still in in double figure in inflation. What do you mean by buying cheaper things than nigeria. What is cheap in nigeria. What is tge excharge rate of nigeria compare to other oil producing country in africa. I dont want to start pulling fact because am in d church and some how busy. So dont just go there |
| Re: Giant Of Africa? Why A 70,000 Naira ($52) A Month Minimum Wage Proves Otherwise by helinues: 9:49am On Nov 01 |
delkuf:That's why I asked you to give more reference in more Africa countries. How much is an average 1 bdr monthly rent in Africa |
| Re: Giant Of Africa? Why A 70,000 Naira ($52) A Month Minimum Wage Proves Otherwise by helinues: 9:51am On Nov 01 |
NINpegrimage:This year alone, you have created over 100 monikers just to tell me to get a job. Productive you have the luxurious time to be telling others to get a job. Dansaki to your village people, it wasn't half done but completed
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. A country losing its best workers struggles to build strong domestic industries, which hurts long-term international credibility.