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Key Facts: Nigeria vs North Korea Wages

Nigeria Minimum Wage
₦404/hr ($0.26 USD)
North Korea Minimum Wage
No statutory minimum wage
Nigeria Avg. Gross Monthly Salary
₦339,000 /mo ($220.42 USD)
North Korea Avg. Gross Monthly Salary
₩100,000 /mo ($111.11 USD)
Data Sources
National Minimum Wage Amendment Act 2024 (2026-02-24), ILO / World Bank / Korea Institute for National Unification (KINU) / NK News (2026-02-25)

Nigeria flag Nigeria North Korea flag North Korea

Updated 2026-02-25

Nigeria flag Nigeria

Minimum Wage

₦404 /hr

$0.26 USD

Avg. Gross Salary

₦339,000 /mo

North Korea flag North Korea

No statutory minimum wage

Avg. Gross Salary

₩100,000 /mo

Avg. salary: +98% Nigeria vs North Korea

Unlike North Korea, which has no statutory minimum wage, Nigeria mandates a wage floor of $0/hr. Average salaries are higher in Nigeria at $220/mo compared to $111/mo in North Korea.

Nigeria's unemployment rate is 3.1% compared to North Korea's 3.5%.

Detailed Comparison

Detailed wage comparison between Nigeria and North Korea
Metric Nigeria North Korea
Minimum wage /hr ₦404 $0.26 None
Minimum wage /mo ₦70,000 $45.51 None
Minimum wage /yr ₦840,000 $546.16 None
Avg. gross salary /mo ₦339,000 /mo $220.42 ₩100,000 /mo $111.11
Avg. net salary /mo ₦290,000 /mo $188.56 ₩90,000 /mo $100
Median individual income /yr ₦1,200,000 /yr $780.23 N/A/yr

Percentage differences are based on USD equivalent values. Positive means Nigeria is higher.

Work Week

Nigeria

40 hrs/wk standard

Max 48 hrs/wk

Labour Act sets standard at 40 hours/week. Overtime rates set by individual employment contracts. No statutory overtime multiplier.

North Korea

48 hrs/wk standard

The North Korean Labour Law formally sets an 8-hour working day. In practice, many workers are required to spend additional hours in compulsory political study, military training, and 'volunteer' labour campaigns. The actual workweek for state employees varies widely by sector and location. No independent verification of labour conditions is possible.

What This Means for Workers

Standard work weeks differ: Nigeria mandates 40 hours while North Korea mandates 48 hours.

See this comparison from North Korea's perspective: North Korea vs Nigeria

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Frequently Asked Questions

Is the minimum wage higher in Nigeria or North Korea?

In Nigeria, the minimum wage is ₦404/hr ($0.26 USD). In North Korea, it is no statutory minimum wage.

How much more does the average worker earn in Nigeria compared to North Korea?

The average gross salary in Nigeria is ₦339,000/mo ($220.42 USD), compared to ₩100,000/mo ($111.11 USD) in North Korea. In USD terms, workers in Nigeria earn approximately 98% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Nigeria and North Korea is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Nigeria earn more in nominal terms, though how far that income stretches depends on local prices in North Korea.

How do work hours compare between Nigeria and North Korea?

North Korea has a longer standard work week at 48 hours, compared to 40 hours in Nigeria. Workers in Nigeria work 40 hours per week by law. Longer mandatory hours can offset a nominally higher wage; a worker in Nigeria working fewer hours may have comparable or better effective hourly earnings depending on the wage levels of each country. Total annual compensation depends on both the wage rate and the number of hours required.