There has been a back and forth discussion between the Federal Government and the Nigerian Labour Congress (NLC) on the current minimum wage of N18,000. The unending negotiation has been about wage increment, which will see the minimum wage at N30,000.
The demand for wage increment has been deemed impossible by the Federal Government and some State governments until recently when the Buhari-administration constituted a Technical Committee on the Implementation of a new Minimum Wage.

While the presidency is still seeking alternative revenue sources to implement the new minimum wage, a new survey has been released by Picodi Analysts to determine how sustainable the minimum wage across the world is, in relation to prices of basic food products.

The argument on the part of Labour has been the continued increase in the cost of living in Nigeria, while workers’ salary has remained static since 2011. The current minimum wage is tagged as not being suitable for a quality standard of living within the country, and this new survey has proven the aforementioned opinion to be true.

The question of whether a minimum wage is high enough to allow us to meet the basic nutritional needs still remains. Picodi.com Analysis Team decided to take a closer look at prices of the 8 universal food groups in 52 countries and confront them with the current minimum wage in respective countries. It turns out that in some countries the minimum wage is... https://nairametrics.com/2019/01/21/nigeria-ranks-last-on-surviving-on-minimum-wage-list/