Home BREAKING NEWS Biden raises minimum wage to $15/N5,700 per hour (N4.2m monthly)

Biden raises minimum wage to $15/N5,700 per hour (N4.2m monthly)

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United States President, Joe Biden, has raised the minimum wage of those working on federal contracts to $15 per hour which is equivalent to N5,700 at the official exchange rate of N379 per dollar.

This means that each worker would be able to go home with $10,950 monthly (N4.2 million).

This comes amid debates in Nigeria over the N30,000 minimum wage per month for workers which is equivalent to $66.

He wrote; “I believe no one should work full time and still live in poverty. That’s why today, I raised the minimum wage to $15 an hour for people working on federal contracts.”

Meanwhile, recall that in 2019, President Muhammadu Buhari forwarded an executive bill to the National Assembly for amendment of the National Minimum Wage Act after prolonged and heated negotiations between the workers, employers and the government.

 

5 COMMENTS

  1. But here, even with the 30k that they cannot pay, they are still owing workers 8 months to 1 year salary, but they have money to buy houses in expensive neighborhoods across Nigeria and the world. Wicked and damned souls.

  2. I don’t blame anybody, its my ancestors that couldn’t not come out in America, they came out in a confused Nation, that the President had the guts to call us Lazy
    Bubu God will not fail to judge u including my ancestors that miss road

  3. The Nigerian government will never make reference to this while addressing the citizens. They’re always swift to tell you how much fuel cost in other countries.

  4. All of you planning to move out, i wish you all the very best.But please, when leaving carry Buhari and Tinubu along.Go with them please

  5. God will punish Apc government, those still supporting them, and my fellow yoruba people that plan on voting Tinubu 2023…

    I keep asking myself, where were the blacks when civilization started?

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