How Will The New Minimum Wage Affect My Current Salary?

It is no longer news that Nigerian government just passed the bill to increase minimum wage from N18, 000 to N30, 000.

I’m currently employed in one of our country’s ministry agency 2yrs ago at level 8 on a salary of about N121, 000 per month.

My fellow Naijaloadites please help me to understand the modalities in the calculations and how the minimum wage increment is going to affect my current salary.