Quick Answer: How Much Is The Minimum Wage In Nigeria?

What country has lowest salary?

Top 20 countries with the lowest wagesCuba.

30.57 USD.Mauritania.

69.04 USD.Congo.

104.05 USD.Tajikistan.

106.70 USD.Ethiopia.

156.84 USD.Senegal.

163.41 USD.Uzbekistan.

199.30 USD.Indonesia.

213.15 USD.More items….

Is Nigeria an expensive place to live?

Underestimating the high cost of living in Nigeria is one of the worst relocation mistakes an expat can make. In actuality, Nigeria’s two largest urban centres are ranked as two of the most expensive cities in Africa. …

What is the lowest salary in USA?

While the federal minimum wage is $7.25, most states and many cities have higher minimum wages resulting in almost 90% of U.S. minimum wage workers earning more than $7.25. The effective nationwide minimum wage, the wage that the average minimum wage worker earns, is $11.80 as of May 2019.

What is the salary of level 8?

Selected candidates will be given a Level-8 pay scale under the 7th CPC pay matrix. As per the 7th pay commission pay matrix, a Level-8 employee will get a salary from Rs 47,600 to Rs 1,51,100 means after selection, the candidate will get a starting salary of Rs 47,600 plus Dearness Allowance (DA) and other allowances.

What is Level 8 qualification in Nigeria?

Grade Level 8 Qualification in Nigeria Those with a B.sc degree in various courses are qualified and would be placed on grade level 8 salary when they join the civil service. This system ensures that salaries are paid according to levels from one profession to another.

Is 30k a good salary for a 25 year old?

30k for a 25 year old is an excellent salary, remember that most ‘normal’ working people wont earn 30k in there life.

What is the highest paying job in the Bahamas?

Here’s a quick look at the top ten highest paying jobs in Nassau County:Family and General Practitioners.Internists, General.Dentists, General.Chief Executives.Physicians and Surgeons, All Other.Psychiatrists.Sales Managers.Marketing Managers.More items…•

What country has the highest minimum wage 2020?

Luxembourg has the highest minimum wage in the world of $13.78 per hour….Minimum Wage by Country 2020France ($11.66)New Zealand ($11.20)Germany ($10.87)Netherlands ($10.44)Belgium ($10.38)United Kingdom ($10.34)Ireland ($9.62)Canada ($9.52)More items…

How much is the minimum wage in USA 2020?

$5.15 (Employers subject to Fair Labor Standards Act must pay the $7.25 Federal minimum wage.)

What is minimum wage in Bahamas?

$5.25 per hourBahamian law establishes a minimum wage and overtime wages for workers. The minimum wage in The Bahamas is $5.25 per hour. All employers must pay their employees at least the minimum wage.

What salary is considered rich in Nigeria?

You should be able to survive 45years living in Nigeria with N550,000,000.00. You would be considered wealthy* in Nigeria.

What state has lowest minimum wage?

GeorgiaThe state currently with the lowest minimum wage requirements as stated in data from the DOL is Georgia. Paying just $5.15 per hour, Georgia has a minimum wage of more than $2.00 below the federal mark of $7.25. The state with the second-lowest wage is Wyoming with a minimum hourly pay rate of $5.17.

Is $100 a lot of money in Nigeria?

So yes, it is a lot but just enough depending on who has it. Largely depends on who you ask. $100 is around 36,000 Naira which is twice our current official minimum monthly wage. To someone who earns minimum wage, which unfortunately is the bulk of the Nigerian populace, it is a lot of money.

What is the salary of level 8 in Nigeria?

As a level 8 police officer, your basic salary may vary per position and you are expected to earn a minimum of N128, 000 (for a step 1 level 8 staff). For a level 8 step 10 police officer (assistant superintendent), you can expect about N144, 000 per month.

Which country has the best salary in the world?

LuxembourgAccording to the OECD Global Report, the country which pays highest salary in the world is Luxembourg, here a workers gets average salary of Rs. 40 lacs per year….The size of the world’s big economies is as follows:Luxembourg. … United States of America. … Switzerland. … Ireland. … Norway. … Australia. … Netherlands. … Denmark.More items…•

How much money does a person in the Bahamas make?

THE Bahamas is the richest country in the Caribbean community ranked by gross national income per capita, according to a new report. The islands have a gross national income per capita of $21,280, according to the World Bank 2014 World Development Report.

What is the cost of living in Bahamas?

Summary of cost of living in BahamasFoodMonthly rent for a 45 m2 (480 sqft) furnished studio in expensive areaB$2,091Monthly rent for a 45 m2 (480 sqft) furnished studio in normal areaB$754Utilities 1 month (heating, electricity, gas …) for 1 person in 45 m2 (480 sqft) studioB$219Internet 8 mbps (1 month)B$4953 more rows

What is the minimum wage in Nigeria 2019?

The National Minimum Wage Act 2019 (the “2019 Act”) has increased the minimum wage in Nigeria from 18,000 Naira (45 Euros) to 30,000 Naira (75 Euros) per month.

What is the average monthly salary in Nigeria?

around 339,000 NGNA person working in Nigeria typically earns around 339,000 NGN per month. Salaries range from 85,700 NGN (lowest average) to 1,510,000 NGN (highest average, actual maximum salary is higher). This is the average monthly salary including housing, transport, and other benefits.

Is Nigeria expensive to live?

Cost of living in Nigeria is 57.04% lower than in United States (aggregate data for all cities, rent is not taken into account). Rent in Nigeria is, on average, 26.42% lower than in United States.

Does everyone get a raise when minimum wage goes up?

Not everyone will get a raise, but people near the bottom will. There will be a diminishing effect of the minimum wage standard as you move up the ladder. Many people don’t get paid on an hourly basis, they get a salary that likely won’t change due to a minimum wage standard.