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Minimum Wages In 1981 Was Higher Than The Minimum Wages In 2024. - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Minimum Wages In 1981 Was Higher Than The Minimum Wages In 2024. (472 Views)

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Minimum Wages In 1981 Was Higher Than The Minimum Wages In 2024. by Okolo3662(m): 7:46am On Jun 03
The first minimum wage in 1981 was N125 naira per month. At the exchange rate of $1=0.61 to naira. This amount to about $204.

In 2024, that minimum wage would be an equivalent of 256, 000 naira ($204) per month going by te current exchange rate of $1=1300.

So the minimum wage of 1981 was nearly eight times more than the current minimum wages.

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Re: Minimum Wages In 1981 Was Higher Than The Minimum Wages In 2024. by Remman(m): 7:57am On Jun 03
What is happening now is as a result of three things, incompetent, corrupt and greedy fellas as leaders.

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Re: Minimum Wages In 1981 Was Higher Than The Minimum Wages In 2024. by Procashtips(m): 8:25am On Jun 03
Yet some people think we're progressing because of high rise buildings

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Re: Minimum Wages In 1981 Was Higher Than The Minimum Wages In 2024. by DMerciful(m): 9:06am On Jun 03
Exchan rate is 1500
Okolo3662:
The first minimum wage in 1981 was N125 naira per month. At the exchange rate of $1=0.61 to naira. This amount to about $204.

In 2024, that minimum wage would be an equivalent of 256, 000 naira ($204) per month going by te current exchange rate of $1=1300.

So the minimum wage of 1981 was nearly eight times more than the current minimum wages.

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Re: Minimum Wages In 1981 Was Higher Than The Minimum Wages In 2024. by helinues: 9:11am On Jun 03
Teleport back to 1981 then
Re: Minimum Wages In 1981 Was Higher Than The Minimum Wages In 2024. by Saviourk: 10:14am On Jun 03
APC and PDP successfully destroyed this country beyond repair 🥲

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