Minimum Wage in Benin

What is the Minimum Wage in Benin?

What is the minimum wage in Benin? It is 30,000 FCFA, which is the equivalent to about N30,000. Other minimum wage levels in Benin are N30,000 in Edo State and N30,000 in South Korea. Below we will compare these two minimum wage levels. If you are a worker in Benin, you should know that the minimum wage is lower than in most African countries. But before we discuss the issue, let us first look at some of the benefits of these minimum wages.

30,000 FCFA

The 20,000 FCFA minimum wage in Benin is the lowest in Western Africa. In contrast to other African countries, the Benin government is attempting to raise its minimum wage to 30,000 FCFA. The government has set specific minimum wage scales for different occupations. The minimum wage in Benin was last revised on 1-Apr-2014. The country has a population of 6,097,000 and an average lifespan of 50.2 years.

The Benin legal system has been based on customary law and French law for many centuries. In 1981, Kerekou announced the establishment of people’s courts that would oversee the executive and legislature and control judicial activity. There are district and provincial courts for the purpose of trial, as well as courts for appeals and assizes. Municipalities, communes, and city wards each have their own court.

N30,000

The governor of Benin, Nigeria, has urged workers to demand a minimum wage of N30,000. But, the current minimum wage does not cover the basic needs of workers. The rising rate of inflation is making the situation worse for workers. To tackle the situation, the government has promised to raise the minimum wage to N40,000. However, it is not clear when the new minimum wage will come into effect. Workers have urged the government to promote welfare and increase the minimum wage.

The Edo State Governor, Godwin Obaseki, has reassured workers of the new minimum wage. He reiterated the assurance at the University of Benin Sports complex, where workers from different unions marched past the National Labour Congress and the Trade Union Congress. The governor’s words are a sign of hope for workers and the state. But what exactly will the new minimum wage mean for the state’s workers?

Edo State’s minimum wage

Edo State Governor, Godwin Obaseki, has announced an upward review of the minimum wage. Starting from N30,000 per month, workers in Edo State will now be able to earn up to forty thousand Naira. The Governor made the announcement during his 2022 Workers’ Day address in Benin City. The governor assured the workers of his government’s commitment to their welfare, pledging to give them the environment to deliver quality services.

The governor’s decision was largely based on the need to increase revenue. The first quarter of 2021 recorded an Internally Generated Revenue of N2. 8billion, up from N1. 6billion in the previous year. By raising the minimum wage, the government is hoping to increase the number of taxpayers, which is presently at just 1.7%. The governor has also maintained a good relationship with organised labour in Edo, with the NLC Edo State Chapter commending him for his friendly atmosphere.

South Korea’s minimum wage

The South Korean government has announced that it will increase the minimum wage to 9,160 won per month by 2022, which translates to about 1.91 million won per month. The new minimum wage will apply to all industries, and will take effect on 1 January 2022. The decision was made after the Ministry of Employment and Labour rejected complaints from three business groups. Nine representatives from business, labour, and the general public comprise the Minimum Wage Commission.

In the past five years, the hourly rate has increased 41.6 percent. The rise in wage is slower than the 7.4 percent that was recorded during the previous government of Park Geun-hye. On August 5, the labor minister must ratify the new statutory minimum wage. The new minimum wage will go into effect on January 1. After that, employers and employee members can file appeals and the government can appeal to a commission for renegotiation.

South Africa’s minimum wage

The introduction of a national minimum wage in South Africa is an historic achievement and a fulfillment of a Freedom Charter demand. The new wage is set to raise the incomes of around six million working South Africans and improve the living conditions of households across the country. The government’s determination to implement a minimum wage has been rewarded with positive economic results, including reduction in wage inequality, and job creation. But it will not be without controversy.

The new minimum wage law was enacted on 1 January 2019, by President Cyril Ramaphosa. It sets the minimum wage at 20 rand per hour, which translates to around $290 per month. The bill also states that no worker in South Africa will be paid less than the minimum wage. However, while this is a major change in terms of employment and income, it does not necessarily raise the standard of living for all South Africans.

 

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