In 2003, the national minimum wage in Nigeria remained fixed at €41.5 per month, that is 498 euros per year, taking into account 12 payments per year.
If we look at the minimum salary in Nairas, which is the official currency in Nigeria, we can see that, this year, it was 5,500 Nairas and accordingly, the national minimum wage has remained stable, while the CPI of 2002 which was 12.2%, so workers have lost purchasing power in the last year.
If we look at the ranking of the national minimum wage that we publish, Nigeria is in 59 nd place, so it is among the countries with the lowest minimum salary of the 72 of the list.
The National Minimum Wage (NMW) of a country is the minimum amount (lowest salary) per hour, per day, or per month that employers may legally pay to workers.
In the table that follows we show you the progression of the National Minimum Wage Nigeria. You can see NMW in other countries in National Minimum Wage 2003 and see all the information about this country in Nigeria economy.