NewStats: 3,262,167 , 8,176,295 topics. Date: Sunday, 01 June 2025 at 06:06 AM 5p3o21

To estimate what the minimum wage in Nigeria should be today (2025), we need to for inflation from 2009 to 2025. Inflation reduces the purchasing power of money over time, so the minimum wage should increase to maintain the same standard of living.

---

Step 1: Gather Inflation Data
In Nigeria, inflation rates have varied over the years. For simplicity, let's assume an **average annual inflation rate of 12%** from 2009 to 2025. This is a reasonable estimate based on historical inflation trends in Nigeria.

---
Step 2: [/b]Calculate the Number of Years
From 2009 to 2025 is **16 years**.

---

[b]Step 3: Use the Inflation Formula
The formula to calculate the future value of money considering inflation is:

{Future Value} = {Present Value} \times (1 + {Inflation Rate} {Number of Years}}
\]

Plugging in the numbers:

{Future Value} = 30,000 \times (1 + 0.12)^{16}
\]

---
Step 4: Calculate the Exponent
First, calculate \( (1 + 0.12)^{16} \):

\[
(1.12)^{16} \approx 6.13
\]

---
Step 5: [/b]Calculate the Future Value
Now, multiply by the original amount:

{Future Value} = 30,000 \times 6.13 \approx 183,900 { Naira}
\]

---

[b]Conclusion
If the minimum wage in 2009 was ₦30,000 Naira, and assuming an average annual inflation rate of **12%**, the minimum wage in 2025 should be approximately ₦183,900 Naira** to maintain the same purchasing power.

Nigeria is in Deep shiiit, sorry Deep seek,Wata Bam Bam

Now that you've the amount, are you and Deepseek going to pay?

Still Too small


Bag of local rice as at 2009 was 3300



U could buy 9 bags with 30k



Same rice is 90k


You'd be needing around 800k to run 9 bags

Nice exercise! But minimum wage as at 2009 was 9775 and not 30k

jimi4us:
To estimate what the minimum wage in Nigeria should be today (2025), we need to for inflation from 2009 to 2025. Inflation reduces the purchasing power of money over time, so the minimum wage should increase to maintain the same standard of living.

---

Step 1: Gather Inflation Data
In Nigeria, inflation rates have varied over the years. For simplicity, let's assume an **average annual inflation rate of 12%** from 2009 to 2025. This is a reasonable estimate based on historical inflation trends in Nigeria.

---
Step 2: [/b]Calculate the Number of Years
From 2009 to 2025 is **16 years**.

---

[b]Step 3: Use the Inflation Formula
The formula to calculate the future value of money considering inflation is:

{Future Value} = {Present Value} \times (1 + {Inflation Rate} {Number of Years}}
\]

Plugging in the numbers:

{Future Value} = 30,000 \times (1 + 0.12)^{16}
\]

---
Step 4: Calculate the Exponent
First, calculate \( (1 + 0.12)^{16} \):

\[
(1.12)^{16} \approx 6.13
\]

---
Step 5: [/b]Calculate the Future Value
Now, multiply by the original amount:

{Future Value} = 30,000 \times 6.13 \approx 183,900 { Naira}
\]

---

[b]Conclusion
If the minimum wage in 2009 was ₦30,000 Naira, and assuming an average annual inflation rate of **12%**, the minimum wage in 2025 should be approximately ₦183,900 Naira** to maintain the same purchasing power.

Tpain and Him Apc really finished this Country sha.

Ask the AI to borrow us money to pay its own minimum wage calculatio

mightyhaze:
Still Too small


Bag of local rice as at 2009 was 3300



U could buy 9 bags with 30k



Same rice is 90k


You'd be needing around 800k

the inflation rate of an average of 12% is way too low........way too low!

mightyhaze:
Still Too small


Bag of local rice as at 2009 was 3300



U could buy 9 bags with 30k



Same rice is 90k


You'd be needing around 800k to run 9 bags

The minimum wage in 2009 is not up to 30k. The minimum wage in 2009 is not up to 10k. Small boys like you just love talking anyhow

.

mightyhaze:
Still Too small


Bag of local rice as at 2009 was 3300



U could buy 9 bags with 30k



Same rice is 90k


You'd be needing around 800k to run 9 bags

Minimum wage in 2009 was 7500, and that was only paid to Federal Workers. For most states it is lower than that.

There was no period where a minimum wage earner can buy 3 bags of rice.

Infact most Nigerian home haven’t purchased a full 50kg bag of rice before in their lives except maybe when they are doing parties.

mairogo:
Now that you've the amount, are you and Deepseek going to pay?

Send your Aza for payment

mightyhaze:
Still Too small


Bag of local rice as at 2009 was 3300



U could buy 9 bags with 30k



Same rice is 90k


You'd be needing around 800k to run 9 bags

@Bolded Where? How?

Also, the cost of rice today is high as result of the FG policy of local production.

Even then a mudu of local rice is 2,000 and there are 35 mudus in a bag. So a bag should be 70k.

Hmmmmmmn, Nigeria is gone

ObosiLandlord:
The minimum wage in 2009 is not up to 30k. The minimum wage in 2009 is not up to 10k. Small boys like you just love talking anyhow

as at 2013/2014 it was 18000/ $120

If $100 is 160000 now.
I didn’t see why minimum wage should not be 200000 unless your family is used to the suffer smile syndrome affecting apc ers

I feel this A.L stuff still falls back to Google to get answers. No much difference between A.l/Google when it comes to answering questions/answer.

jimi4us:
To estimate what the minimum wage in Nigeria should be today (2025), we need to for inflation from 2009 to 2025. Inflation reduces the purchasing power of money over time, so the minimum wage should increase to maintain the same standard of living.

---

Step 1: Gather Inflation Data
In Nigeria, inflation rates have varied over the years. For simplicity, let's assume an **average annual inflation rate of 12%** from 2009 to 2025. This is a reasonable estimate based on historical inflation trends in Nigeria.

---
Step 2: [/b]Calculate the Number of Years
From 2009 to 2025 is **16 years**.

---

[b]Step 3: Use the Inflation Formula
The formula to calculate the future value of money considering inflation is:

{Future Value} = {Present Value} \times (1 + {Inflation Rate} {Number of Years}}
\]

Plugging in the numbers:

{Future Value} = 30,000 \times (1 + 0.12)^{16}
\]

---
Step 4: Calculate the Exponent
First, calculate \( (1 + 0.12)^{16} \):

\[
(1.12)^{16} \approx 6.13
\]

---
Step 5: [/b]Calculate the Future Value
Now, multiply by the original amount:

{Future Value} = 30,000 \times 6.13 \approx 183,900 { Naira}
\]

---

[b]Conclusion
If the minimum wage in 2009 was ₦30,000 Naira, and assuming an average annual inflation rate of **12%**, the minimum wage in 2025 should be approximately ₦183,900 Naira** to maintain the same purchasing power.

Why can not you use "deepseek" to find out how to improve your life instead of wasting it?I am sure you know that there are limitations to all this AI-generated information....it could be correct or incorrect....

Since you have decided to use AI, keep using it to improve your life rather than wasting it on nothing.

That is why i said Tinubu won Labour during minimum wage negotiations when they embarked on strike . But Trust Nigerians they are always empathetic to suffer more by antagonizing Labour leaders

Nigeria is in deep shit under this cartel government of APC

Let’s ask Deepseek Ai to tell us how we can generate more income in order to be able to meet up with this estimated minimum wage

In conclusion, we dey suffer.

Inflation is at least 25% on average. The minimum wage should be 400k.

Jagaban2012:



Why can not you use "deepseek" to find out how to improve your life instead of wasting it?I am sure you know that there are limitations to all this AI-generated information....it could be correct or incorrect....

Since you have decided to use AI, keep using it to improve your life rather than wasting it on nothing.

I just asked deepseek that and it says make you bring your mama make I knack am 6 times a day to improve my life, give her my number to call me 0708 341 6365

Minimum wage in 2009 was 9k so in 2025 should be around 70k or 90k

jimi4us:


I just asked deepseek that and it says make you bring your mama make I knack am 6 times a day to improve my life, give her my number to call me 0708 341 6365

In the absence of my mother, you can start by knacking your mother and all of your female siblings. Because you are stupid and daft...

Oya, Carry your Gbola to your Mama's room and begin to knack her.

LegendHero:


Minimum wage in 2009 was 7500, and that was only paid to Federal Workers. For most states it is lower than that.

There was no period where a minimum wage earner can buy 3 bags of rice.

Infact most Nigerian home haven’t purchased a full 50kg bag of rice before in their lives except maybe when they are doing parties.

No Sir! Both you and Ai are wrong. Obasanjo increase minimum wage to 18k. Obasanjo left in 2007.

olaolaking:
No Sir! Both you and Ai are wrong. Obasanjo increase minimum wage to 18k. Obasanjo left in 2007.

Obasanjo never increased minimum wage wage to 18k, it was just a pronouncement and during Yar’adua same thing lingered. It was Jonathan that actually later signed the 18k minimum wage into law.

Stop saying what you don’t know. Senate signed it in 2011 during Jonathan tenure.

Deepshit still got it wrong.

A Nigeria soldier from the North came to my office last December and he complained that the purchasing power is abmissmaly poor. He said he was paid N36,000 during Goodluck Jonathan istration and he uses N28,000 to buy four bags of rice at N7,000 per bag and still have N8,000 to hold body at the barrack but today, his salary is N90,000 while a bag of rice is N100,000.

To calculate what his salary should be is to multiply N100,000 by 4 and add N115,000 (his remaining N8,000) which will be N515,000.

N36,000 in 2013 is equivalent to N515,000 today.

So, minimum wage should be N380,000 or more.

"Deepseek" cannot be compared to ChatGPT. The difference is clear.

This is NOT correct.

The minimum wage as at 2009 was 18.000

ChatGPT has a better calculation



ChatGPT

You said:
What should be the minimum wage in 2025 considering the rate of inflation from 2009?
ChatGPT said:
ChatGPT
To estimate the minimum wage in 2025 adjusted for inflation since 2009, we need to for the cumulative inflation rate over that period.

Steps:
Find the 2009 minimum wage

The U.S. federal minimum wage was $7.25 per hour in 2009.
Calculate cumulative inflation (2009–2025)

Using historical inflation data, the cumulative inflation from 2009 to 2023 is about 46%.
If we assume an average annual inflation rate of 3.5% for 2024 and 2025, the total inflation from 2009 to 2025 would be around 53%.
Adjust for inflation

Adjusted minimum wage = $7.25 × 1.53 = $11.09
This means that, just to keep up with inflation, the 2025 federal minimum wage should be at least $11.09 per hour.
Considerations:
Some states have higher minimum wages, often exceeding inflation-adjusted levels.
The cost of living has increased more in certain areas, making $11.09 insufficient in many places.
Productivity and wage growth factors could suggest an even higher figure.
Would you like a more specific estimate based on recent inflation data?






You said:
What should be the minimum wage in Nigeria in 2025 considering the rate of inflation from 2009?
ChatGPT said:
ChatGPT
To determine the appropriate minimum wage in Nigeria for 2025, adjusted for inflation since 2009, we can follow these steps:

Identify the 2009 Minimum Wage:

In 2009, Nigeria's minimum wage was ₦5,500 per month.
voanews.com
Calculate Cumulative Inflation from 2009 to 2025:

Using available data, we can approximate the cumulative inflation rate over this period.
From 2009 to 2023, Nigeria experienced significant inflation, with rates reaching 24.66% in 2023.
macrotrends.net
In 2024, the inflation rate increased to 34.80%.
tradingeconomics.com
Assuming a conservative inflation rate of 25% for 2025, the cumulative inflation from 2009 to 2025 can be estimated.
Adjust the 2009 Minimum Wage for Cumulative Inflation:

Applying the cumulative inflation rate to the 2009 minimum wage:
₦5,500 × (1 + cumulative inflation rate) = Adjusted Minimum Wage
For instance, if the cumulative inflation rate is approximately 500% over the 16-year period:
₦5,500 × 6 = ₦33,000
Therefore, to maintain the same purchasing power as in 2009, the minimum wage in Nigeria should be at least ₦33,000 per month in 2025.

Considerations:

This calculation is based on estimated inflation rates and may vary with actual data.
Other economic factors, such as changes in the cost of living, productivity, and economic growth, should also be considered when setting the minimum wage.
Regular reviews and adjustments of the minimum wage are essential to ensure it aligns with current economic conditions and provides a livable income for workers.
It's important to note that while adjusting the minimum wage for inflation helps maintain purchasing power, it may not fully address the challenges faced by workers due to other economic factors.


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You said:
Estimate what should be the minimum wage in Nigeria in 2025 considering the rate of inflation from 2009?
ChatGPT said:
ChatGPT
To estimate the appropriate minimum wage in Nigeria for 2025, adjusted for inflation since 2009, we can follow these steps:

Identify the 2009 Minimum Wage:

In 2009, Nigeria's minimum wage was ₦5,500 per month.
countryeconomy.com
Calculate Cumulative Inflation from 2009 to 2025:

Based on available data, Nigeria's inflation rates were:
2009: 12.54%
2010: 13.74%
2011: 10.83%
2012: 12.22%
2013: 8.50%
2014: 8.05%
2015: 9.01%
2016: 15.70%
2017: 16.50%
2018: 12.10%
2019: 11.40%
2020: 13.25%
2021: 16.95%
2022: 18.85%
2023: 24.66%
2024: 34.80%
Assuming an estimated inflation rate of 25% for 2025, we can calculate the cumulative inflation over the 16-year period.
Adjust the 2009 Minimum Wage for Cumulative Inflation:

Using the formula for cumulative inflation adjustment:
Adjusted Minimum Wage = ₦5,500 × (1 + cumulative inflation rate)
Calculating the cumulative inflation rate:
Cumulative Inflation Rate = (1 + 0.1254) × (1 + 0.1374) × ... × (1 + 0.3480) × (1 + 0.25) - 1
This results in a cumulative inflation rate of approximately 1,200% over the period.
Applying this to the 2009 minimum wage:
₦5,500 × 13 = ₦71,500
Therefore, to maintain the same purchasing power as in 2009, the minimum wage in Nigeria should be at least ₦71,500 per month in 2025.

Considerations:

This calculation is based on estimated inflation rates and may vary with actual data.
Other economic factors, such as changes in the cost of living, productivity, and economic growth, should also be considered when setting the minimum wage.
Regular reviews and adjustments of the minimum wage are essential to ensure it aligns with current economic conditions and provides a livable income for workers.
It's important to note that while adjusting the minimum wage for inflation helps maintain purchasing power, it may not fully address the challenges faced by workers due to other economic factors.


Sources
Favicon





You said:
The minimum wage in Nigeria was 18.000 in 2009. Considering inflation from that year, estimate how much should be the new minimum wage in Nigeria in 2025?
ChatGPT said:
ChatGPT
To estimate the appropriate minimum wage in Nigeria for 2025, adjusted for inflation since 2009, we will:

Step 1: Identify the 2009 Minimum Wage
The minimum wage in Nigeria in 2009 was ₦18,000 per month.
Step 2: Calculate Cumulative Inflation (2009–2025)
From historical data, Nigeria’s annual inflation rates have been:

2009: 12.54%
2010: 13.74%
2011: 10.83%
2012: 12.22%
2013: 8.50%
2014: 8.05%
2015: 9.01%
2016: 15.70%
2017: 16.50%
2018: 12.10%
2019: 11.40%
2020: 13.25%
2021: 16.95%
2022: 18.85%
2023: 24.66%
2024: 34.80% (estimated)
2025: 25% (assumed for projection)
To calculate cumulative inflation from 2009 to 2025, we apply the formula:

Cumulative Inflation Rate=(1+r1)×(1+r2)×...×(1+rn)−1Cumulative Inflation Rate=(1+r 1)×(1+r 2)×...×(1+r n)−1
Let's compute this inflation factor.

The cumulative inflation factor from 2009 to 2025 is 11.32, meaning prices have increased by approximately 1,032% over this period.

Step 3: Adjust the 2009 Minimum Wage for Inflation
Using the formula:

Adjusted Minimum Wage=2009 Minimum Wage×
Cumulative Inflation Factor
Adjusted Minimum Wage=2009 Minimum Wage×Cumulative Inflation Factor
₦18,000×11.32=₦203,800 ₦18,000×11.32=₦203,800
Conclusion:
To maintain the same purchasing power as ₦18,000 in 2009, the minimum wage in Nigeria should be at least ₦203,800 per month in 2025.

However, the actual minimum wage should also consider productivity, cost of living, and economic conditions beyond inflation alone.

LegendHero:


Minimum wage in 2009 was 7500, and that was only paid to Federal Workers. For most states it is lower than that.

There was no period where a minimum wage earner can buy 3 bags of rice.

Infact most Nigerian home haven’t purchased a full 50kg bag of rice before in their lives except maybe when they are doing parties.

they are all like obi....talkin anyhow always....why didnt he knew Minimum wage in 2009 was 7500....??

Tulumbu go ban this app ooo 😂