Nigeria’s new minimum wage: where will the money come from?

Earlier this year it was announced that Nigeria’s minimum wage would increase from N7,500 (US$48) a month to N18,000 ($115), representing a 140% rise. Implementing this is, however, proving harder than anticipated. Business Day reports that the three tiers of government alone will require over N3 trillion (US$19 billion) annually to implement the scheme for civil servants. Read the full article at Business Day.


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