<div style="display: block; position: relative; max-width: 730px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5836926754001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>The Federal Government of Nigeria has giving the Nigerian Labour till the end of this month to present a figure to be adopted as the country’s minimum wage. So what should the NLC consider in coming up with a figure. Jimi Tewe, Chief Executive Officer of The Jimi Tewe Company joins CNBC Africa to discuss this.</p>


What should be Nigeria’s minimum wage?

<div style="display: block; position: relative; max-width: 730px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5836907642001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>Ongoing controversy surrounding Nigeria&#8217;s minimum wage have spike debates on what should be the ideal minimum wage. While Nigeria currently pays N18,000 as minimum wage, just under 50 US Dollars,  labour unions and the citizenry want more in line with current economic realities. CNBC Africa took to the street of Lagos to sample opinions.</p>


Nigerians speak on the ideal minimum wage

<p>South Africa&#8217;s Treasury said on Wednesday it supported the report by a government-appointed advisory panel that suggested a national minimum wage of 3,500 rand ($245) per month, throwing its political weight behind the policy initiative. </p>
<p>&#8220;The report represents &#8230; an important milestone in our government&#8217;s efforts over the years in this regard,&#8221; Finance Minister Pravin Gordhan was quoted as saying in a statement.</p>
<p>Supporters of a minimum wage say it can stimulate growth as workers can spend more while reducing inequality. Critics say it could lead to increased unemployment as employers will be unable to afford higher wage bills.</p>
<div class="teads-inread">
<div>
<div class="teads-player" id="teads4"></div>
</div>
</div>
<div class="teads-inread">
<div>
<div class="teads-player" id="teads3"></div>
</div>
</div>
<div class="teads-inread">
<div>
<div class="teads-player" id="teads2"></div>
</div>
</div>
<div class="teads-inread">
<div>
<div class="teads-player" id="teads1"></div>
</div>
</div>
<div class="teads-inread">
<div>
<div class="teads-player" id="teads0"></div>
</div>
</div>
<p>($1 = 14.2299 rand)﻿</p>
<p> </p>


wage

What should be Nigeria’s minimum wage?

Nigerians speak on the ideal minimum wage

South Africa's Treasury supports minimum wage recommendation

News Tips

Advertise With Us

wage

What should be Nigeria’s minimum wage?

Nigerians speak on the ideal minimum wage

South Africa's Treasury supports minimum wage recommendation

News Tips

Advertise With Us

Newsletters