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Check Out Minimum Wage Of 10 Top Oil Producing African Countries In Naria, See Where Nigeria Find Itself.

Africa is home to some of the world’s largest oil reserves, with many countries relying heavily on oil exports as a significant source of revenue. While the oil industry generates vast wealth, the compensation received by workers in the sector is often overlooked.

We will delve into the minimum wage of top oil-producing African countries in naira, highlighting the disparities between the wealth generated by the industry and the compensation received by workers.

1. Gabon: Leading the Pack
With a minimum wage of ₦376,500, Gabon takes the top spot among oil-producing African countries. The country’s oil industry is a significant contributor to its economy, and workers in the sector are relatively well-compensated.

2. Equatorial Guinea: A Close Second
Equatorial Guinea follows closely with a minimum wage of ₦323,878. The country’s oil industry has driven economic growth, and workers in the sector benefit from relatively high wages.

3. Libya: Third on the List
Libya’s minimum wage stands at ₦313,440, with the country’s oil industry playing a crucial role in its economy. Despite challenges in recent years, the sector remains a significant source of revenue.

3.Algeria: A Notable Mention
Algeria’s minimum wage of ₦226,400 is notable, given the country’s significant oil reserves and production levels. Workers in the industry are relatively well-compensated, contributing to the country’s economic stability.

4. Tunisia and Egypt: Moderate Wages
Tunisia and Egypt have minimum wages of ₦199,573 and ₦194,700, respectively. While not as high as some of their counterparts, workers in the oil industry in these countries still receive relatively moderate wages.

5. Ivory Coast, Chad, Cameroon, and DR Congo: Lower Wages
The minimum wages in Ivory Coast (₦188,250), Chad (₦150,587), Cameroon (₦105,106), and DR Congo (₦94,947) are significantly lower than their counterparts. This highlights the need for better working conditions and fair compensation in these countries.

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1. Gabon: ₦376,500
2. Equatorial Guinea: ₦323,878
3. Libya: ₦313,440
4. Algeria: ₦226,400
5. Tunisia: ₦199,573
6. Egypt: ₦194,700
7. Ivory Coast: ₦188,250
8. Chad: ₦150,587
9. Cameroon: ₦105,106
10. DR Congo: ₦94,947

Note: This list only includes the top 10, but Angola (₦58,569), Ghana (₦38,768), Nigeria (₦30,000), and Sudan (₦7,590) are also among the top oil-producing countries. The exchange rate used is $1/₦1,483, as of June 3rd, 2024.

The question is why is Nigeria struggling to meet up? Minimum wage of 30,000 in 2024 is like you are working for free…..See More

₦494,000 Minimum Wage Unrealistic; NLC, TUC Strike Worsening Nigerians’ Hardship: Labour Party

Bueze

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