2024 Minimum Wage Increase In Nigeria. The wage will replace the n30,000 minimum wage that expired on april 18, 2024. Starting may 2024, nigeria's new minimum wage will be effective, including arrears payment from that date, amid labor negotiations.

The federal government has assured nigerian workers that it would set in motion the process that would lead to the approval a new minimum wage to be. In 2024, that minimum wage would be equivalent to about 265,000 naira (us$204) per month, going by the current exchange rate of about us$1 = 1,300 naira.