*1981: First National Minimum Wage became ₦125 per month; petrol was 20kobo per litre and US$1 = 60kobo.*
*1990: Minimum Wage was ₦250; petrol was ₦20 per litre; a 50kg bag of rice was ₦400 and US$1 = ₦7.40k.*
*1999: Minimum Wage was ₦3,500; petrol was still ₦20 per litre; a 50kg bag of rice was ₦2,500 and US$1 = ₦22.*
*2000: new Minimum Wage became ₦5,500 and ₦7,500 for different categories of federal workers, petrol was ₦30; a 50kg bag of rice was still ₦2,500 and US$1 = ₦86.*
*2011: new National Minimum Wage became ₦18,000; petrol was ₦65; a 50kg bag of rice was ₦12,000 and US$1 = ₦165.*
*2019: new National Minimum Wage became N30,000 monthly; petrol was ₦145; a 50kg bag of rice was ₦19,500 and US$1 = ₦305.*
*2024: New Minimum wage N70,000; Petrol is ₦955 and a 50kg bag of rice is ₦95,000 and US$1 = ₦1,560.*
*The minimum wage of 1981 (₦125) was roughly US$208. At today’s exchange rate of US$1 = ₦1,560 that ₦125 is equivalent to ₦307,840. So, the minimum wage in 1981 was over 10 times bigger than the current minimum wage of ₦70,000 which is the equivalent of about US$42.*
*The Nigerian worker has to eat, drink, have shelter, clothe self, transport self, settle bills/subscribe for services (DSTV, MTN, etc), access healthcare, provide for dependants (feeding, shelter, clothing, school fees, healthcare, etc.) etc.*
*The Nigerian political officer (elected or appointed) takes life for granted because he scoops from the state treasury like from his domestic soup pot.*
*COPIED*
*1990: Minimum Wage was ₦250; petrol was ₦20 per litre; a 50kg bag of rice was ₦400 and US$1 = ₦7.40k.*
*1999: Minimum Wage was ₦3,500; petrol was still ₦20 per litre; a 50kg bag of rice was ₦2,500 and US$1 = ₦22.*
*2000: new Minimum Wage became ₦5,500 and ₦7,500 for different categories of federal workers, petrol was ₦30; a 50kg bag of rice was still ₦2,500 and US$1 = ₦86.*
*2011: new National Minimum Wage became ₦18,000; petrol was ₦65; a 50kg bag of rice was ₦12,000 and US$1 = ₦165.*
*2019: new National Minimum Wage became N30,000 monthly; petrol was ₦145; a 50kg bag of rice was ₦19,500 and US$1 = ₦305.*
*2024: New Minimum wage N70,000; Petrol is ₦955 and a 50kg bag of rice is ₦95,000 and US$1 = ₦1,560.*
*The minimum wage of 1981 (₦125) was roughly US$208. At today’s exchange rate of US$1 = ₦1,560 that ₦125 is equivalent to ₦307,840. So, the minimum wage in 1981 was over 10 times bigger than the current minimum wage of ₦70,000 which is the equivalent of about US$42.*
*The Nigerian worker has to eat, drink, have shelter, clothe self, transport self, settle bills/subscribe for services (DSTV, MTN, etc), access healthcare, provide for dependants (feeding, shelter, clothing, school fees, healthcare, etc.) etc.*
*The Nigerian political officer (elected or appointed) takes life for granted because he scoops from the state treasury like from his domestic soup pot.*
*COPIED*
*1981: First National Minimum Wage became ₦125 per month; petrol was 20kobo per litre and US$1 = 60kobo.*
*1990: Minimum Wage was ₦250; petrol was ₦20 per litre; a 50kg bag of rice was ₦400 and US$1 = ₦7.40k.*
*1999: Minimum Wage was ₦3,500; petrol was still ₦20 per litre; a 50kg bag of rice was ₦2,500 and US$1 = ₦22.*
*2000: new Minimum Wage became ₦5,500 and ₦7,500 for different categories of federal workers, petrol was ₦30; a 50kg bag of rice was still ₦2,500 and US$1 = ₦86.*
*2011: new National Minimum Wage became ₦18,000; petrol was ₦65; a 50kg bag of rice was ₦12,000 and US$1 = ₦165.*
*2019: new National Minimum Wage became N30,000 monthly; petrol was ₦145; a 50kg bag of rice was ₦19,500 and US$1 = ₦305.*
*2024: New Minimum wage N70,000; Petrol is ₦955 and a 50kg bag of rice is ₦95,000 and US$1 = ₦1,560.*
*The minimum wage of 1981 (₦125) was roughly US$208. At today’s exchange rate of US$1 = ₦1,560 that ₦125 is equivalent to ₦307,840. So, the minimum wage in 1981 was over 10 times bigger than the current minimum wage of ₦70,000 which is the equivalent of about US$42.*
*The Nigerian worker has to eat, drink, have shelter, clothe self, transport self, settle bills/subscribe for services (DSTV, MTN, etc), access healthcare, provide for dependants (feeding, shelter, clothing, school fees, healthcare, etc.) etc.*
*The Nigerian political officer (elected or appointed) takes life for granted because he scoops from the state treasury like from his domestic soup pot.*
*COPIED*
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