South Africa increases its minimum wage to N126,480
Yet we wonder why Nigeria is still where it is today, while other African countries are moving forward.
Whilst the Nigerian Government have remained indecisive as to the increment of miniumum wage from N18, 000 to N30, 000, the South African President, Cyril Ramaphosa, has signed the new minimum wage into law yesterday November 26th, 2018.
According to Ramaphosa, the new wage would take effect from January 1st 2019 and would benefit about six million workers that currently earn R3,700 (N97,495).
One South African Rand is equivalent to N26.35. This means South African workers would be earning N527 per hour: N4,216 per day and N126,480 per month. Their Nigerian counterparts currently earn N75 per hour, which is N600 per day (at eight working hours per day) and N18,000 per month.