Minimum Wage In Saudi Arabia And Nigeria

While saudi arabia has no official minimum wage for the private sector the public sector has a minimum rate of 3 000 saudi riyals.

Minimum wage in saudi arabia and nigeria. Most countries have a nation wide minimum wage that all workers must be paid. Reacting to buhari s comparison nigerians urged the president not to only compare oil prices but also compare minimum wage and development in saudi arabia. In the long term the nigeria national minimum wage is projected to trend around 30000 00 ngn month in 2021 and 35000 00 ngn month in 2022 according to our econometric models. Today buhari justified his oil price surge by citing saudi which charges n168 and said it makes no sense for oil to be cheaper in nigeria than in saudi arabia.

But he forgot to mention that the minimum wage in saudi is r3 000 which is n305 126. Faulting the president s remark ibe wondered why buhari would compare nigeria with saudi arabia which pays a minimum wage of over three hundred thousand naira. Nigerians have asked president muhammadu buhari to increase the country s minimum wage to the standard of saudi arabia. It does not make sense for petrol to be cheaper in nigeria than saudi arabia barely minutes after president buhari rounded up his broadcast some nigerians criticised the president for making such comparison without considering the minimum wage standard of living and infrastructure in saudi arabia in particular.

Nigeria minimum wage is 78 64 dollars per month. The analysis is 100 per cent correct. Saudi arabia minimum wage is 799 84 dollars per month. Saudi arabia s minimum wage was last changed.

A cross section of nigerians however criticised the president for making such comparison without considering the minimum wage standard of living and infrastructure in saudi arabia in particular. Saudi arabia s minimum wage is the lowest amount a worker can be legally paid for his work. Minimum wages in nigeria is expected to reach 30000 00 ngn month by the end of 2020 according to trading economics global macro models and analysts expectations. This was in reaction to a statement by the president during the country s 60th independence anniversary speech on thursday when he said the price of petrol per litre in the asian country was more than the amount it was being sold in nigeria.