In 2020, the national minimum wage in Nigeria remained fixed at €87.1 per month, that is 1,045 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 30,000 Nairas and accordingly, the national minimum wage has remained stable, while the CPI of 2019 which was 12%, 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 100 nd place, so it is among the countries with the lowest minimum salary of the 118 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 2020 and see all the information about this country in Nigeria economy.