Key Facts: Nigeria vs Taiwan Wages
- Nigeria Minimum Wage
- ₦404/hr ($0.26 USD)
- Taiwan Minimum Wage
- NT$190/hr ($6.11 USD)
- Nigeria Avg. Gross Monthly Salary
- ₦339,000 /mo ($220.42 USD)
- Taiwan Avg. Gross Monthly Salary
- NT$58,000 /mo ($1,864.95 USD)
- Data Sources
- National Minimum Wage Amendment Act 2024 (2026-02-24), Ministry of Labor (MOL), Republic of China (Taiwan) (2026-02-24)
Nigeria 
Taiwan
Updated 2026-02-24
The minimum wage in Nigeria is roughly 23 times lower than in Taiwan in USD terms, reflecting the gap between a lower-middle-income and a high-income economy. Average gross salaries diverge further: $220/mo in Nigeria versus $1,865/mo in Taiwan, a 8.5:1 ratio.
Detailed Comparison
| Metric | Nigeria | Taiwan |
|---|---|---|
| Minimum wage /hr | ₦404 $0.26 | NT$190 $6.11 |
| Minimum wage /mo | ₦70,000 $45.51 | NT$28,590 $919.29 |
| Minimum wage /yr | ₦840,000 $546.16 | NT$343,080 $11,031.51 |
| Avg. gross salary /mo | ₦339,000 /mo $220.42 | NT$58,000 /mo $1,864.95 |
| Avg. net salary /mo | ₦290,000 /mo $188.56 | NT$50,500 /mo $1,623.79 |
| Median individual income /yr | ₦1,200,000 /yr $780.23 | NT$546,000 /yr $17,556.27 |
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.
- Taiwan
-
40 hrs/wk standard
Max 40 hrs/wk
Overtime : 1.34x pay
Labour Standards Act sets 40 hours/week, 8 hours/day. Two mandatory rest days per week (one fixed, one flexible). Overtime: first 2 hrs at 1.34x, next 2 hrs at 1.67x. Monthly overtime cap of 46 hours (may be extended to 54 hours with union/labour-management agreement, max 138 hrs/3 months).
• WAGE TRAJECTORY (USD/hr)
What This Means for Workers
A minimum wage worker in Nigeria earns 2226% less per hour in USD terms than one in Taiwan.
See this comparison from Taiwan's perspective: Taiwan vs Nigeria
Compare Nigeria with...
Nigeria vs United States $ 7.25 /hr 
Nigeria vs China ¥ 25 /hr 
Nigeria vs Germany € 13.9 /hr 
Nigeria vs United Kingdom £ 12.71 /hr 
Nigeria vs India ₹ 4,576 /mo 
Nigeria vs Japan ¥ 1,121 /hr 
Nigeria vs France € 12.02 /hr 
Nigeria vs South Korea ₩ 10,320 /hr 
Nigeria vs Canada C$ 18.1 /hr 
Nigeria vs Australia A$ 24.95 /hr 
Nigeria vs Brazil R$ 7.37 /hr 
Nigeria vs Russia ₽ 156.31 /hr 
Nigeria vs Mexico MX$ 9,583.52 /mo 
Nigeria vs Indonesia Rp 33,058 /hr 
Nigeria vs Netherlands € 14.71 /hr 
Nigeria vs Saudi Arabia ﷼ 23.08 /hr 
Nigeria vs Turkey ₺ 164.94 /hr 
Nigeria vs Switzerland 
Nigeria vs Poland zł 31.4 /hr 
Nigeria vs Thailand ฿ 10,400 /mo 
Nigeria vs Sweden 
Nigeria vs Argentina ARS 1,762 /hr 
Nigeria vs Singapore 
Nigeria vs Norway Frequently Asked Questions
Is the minimum wage higher in Nigeria or Taiwan?
In Nigeria, the minimum wage is ₦404/hr ($0.26 USD). In Taiwan, it is NT$190/hr ($6.11 USD). Taiwan has the higher rate by 2226% in USD terms. That nominal gap does not account for local prices; see the purchasing power comparison below for a cost-of-living-adjusted view. Workers in Nigeria may retain a larger share of their earnings if prices there are lower.
How much less does the average worker earn in Nigeria compared to Taiwan?
The average gross salary in Nigeria is ₦339,000/mo ($220.42 USD), compared to NT$58,000/mo ($1,864.95 USD) in Taiwan. In USD terms, workers in Nigeria earn approximately 746% less. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Nigeria and Taiwan is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Taiwan earn more in nominal terms, though how far that income stretches depends on local prices in Nigeria.
How do work hours compare between Nigeria and Taiwan?
Both Nigeria and Taiwan mandate a similar standard work week of 40 hours. When work hours are equal, the country with the higher minimum wage delivers proportionally higher weekly earnings. Standard work week rules set the baseline; actual hours worked often differ based on industry norms and individual employment contracts.