Chibuking sorry I'm asking plenty questions oooo, I know say gold360 no go answer me these ones.

Don't you think that with this new minimum wage, that tax, dues and contributions will also increase. Also changes will affect that of transport, accommodation, utility and others.

when is RVSG effecting it?

@ NonnieMarthins
Increase in tax and dues, with contributions are must, that's why I included new deductions will give you new Net pay
The moment Mr president assent to it, it becomes binding to all state of federation, ie including both Federal and state government. And Mr president has no further argument to sign it, since he is ready to pay #30,000 to Federal workers, as for RVSG It's already captured in their 2019 budget, which I think will kick off immediately Mr president assent to the bill

Chibuking81:

@ Nabietonye, check this one, and use the formula to get 8/4
N.B
After implementation, any new amount we shall receive will be the answer.

Thanks.

I think you guys are missing the point, what is the use of the increment of salary as a result of new minimum wage when the government will increase our taxes and VAT? The real value of our income won't appreciate significantly.

In another development, why is it that FAAC meetings are being delayed in recent months?

Any news about FAAC meeting?

kayusely70:
Any news about FAAC meeting?

ye

FAAC has been shared yesterday. May be payment of salaries next week.

Chibuking81:

https://www.proshareng.com/news/Nigeria-Economy/FAAC-Disburses-N660.37bn-in-February-201/44560
That's true.

This is for February 2019 for revenue generated in the month of January 2019.

TheWatchDog:
This is for February 2019 for revenue generated in the month of January 2019.

You are perfectly correct, that means FAAC has not shared that of March generated in February.

BREAKING News,buhari Proposes New Salary For Teachers Equal With The Police by Baawaa ( m ):
8:33am
BREAKING NEWS
BUHARI PROPOSES NEW SALARY FOR TEACHERS EQUAL SALARY WITH THE POLICE
:
New Teacher's Salary Structure
Gl 07= Assistant Education Officer (AEO) - N198,000
Gl 08= Education Officer (EO) - N254,000
Gl 09= Senior Education Officer (SEO) II - N271,000
Gl 10= Senior Education Officer (SEO) I - N296,000
Gl 12= Principal Education Officer (PEO) - N321,000
Gl 13= Assistant Chief Education Officer (PEO) - N342,000
Gl 14= Chief Education Officer (CEO) - N419,000
Gl 15= Assistant Director Education (ADE) - N483,000
Gl 16= Deputy Director Education (DDE) - N531,000
Gl 17= Director Education (DE) - N1.5million.
( Quote ) ( Report ) 2 Likes ( Like ) 1 Share ( Share )

TheWatchDog:
This is for February 2019 for revenue generated in the month of January 2019.

This should be for March generated in February
https://t.guardian.ng/news/faac-fg-states-lgs-share-n619-85bn-as-revenues-for-febuary/
FAAC: FG, States, LGs share N619.85bn as revenues for Febuary
By NAN
27 March 2019 | 7:06 pm

Accountant-General of the Federation, Mr Ahmed Idris

The Accountant-General of the Federation (AGF), Mr Ahmed Idris, on Wednesday said the Federal Government shared N619.85 billion, as revenue generated in February to the three tiers of government.

The amount showed an increase of about N9.49 billion from what was shared in January.

Idris, represented by the Director of Funds, Office of the AGF, Mr Mohammed Usman, said this at a news conference at the end of the monthly Federation Accounts Allocation Committee (FAAC) meeting in Abuja.

Giving a breakdown of the revenue accrued in February, Idris said that the mineral revenue increased by N23.57 billion, moving from N326.52 billion in January to N350.09 billion in February.

However, the non-mineral revenue decreased by N46.27 billion, from N170 billion in January to N124.32 billion in February.

He said that in February, the federation crude oil sales increased by 46 per cent, resulting in increased federation revenue from 425 million dollars in January to 574 million dollars in February.

“Shut in and shut down persisted while some terminals remained closed due to leaks and maintenance.

“Petroleum Profit Tax increased significantly while Companies Income Tax recorded a marginal increase.

“Revenues from value added tax, oil royalty import and excise duties decreased in February, 2019,” he said.

In summary, Idris said that the Federal Government received N223.15 billion, states got N113.18 billion and local governments received N87.26 billion.

In addition, N45.09 billion, representing 13 per cent of the mineral revenue was shared to oil producing states.

Idris assured civil servants that despite the delay in holding the FAAC meetings, their salaries would be paid before end of the month.

You cannot come and kee me with this oooo]BREAKING News,buhari Proposes New Salary For Teachers Equal With The Police by Baawaa ( m ):
8:33am
BREAKING NEWS
BUHARI PROPOSES NEW SALARY FOR TEACHERS EQUAL SALARY WITH THE POLICE
:
New Teacher's Salary Structure
Gl 07= Assistant Education Officer (AEO) - N198,000
Gl 08= Education Officer (EO) - N254,000
Gl 09= Senior Education Officer (SEO) II - N271,000
Gl 10= Senior Education Officer (SEO) I - N296,000
Gl 12= Principal Education Officer (PEO) - N321,000
Gl 13= Assistant Chief Education Officer (PEO) - N342,000
Gl 14= Chief Education Officer (CEO) - N419,000
Gl 15= Assistant Director Education (ADE) - N483,000
Gl 16= Deputy Director Education (DDE) - N531,000
Gl 17= Director Education (DE) - N1.5million.
( Quote ) ( Report ) 2 Likes ( Like ) 1 Share ( Share )[/quote]

NonnieMarthins:
You cannot come and kee me with this oooo]BREAKING News,buhari Proposes New Salary For Teachers Equal With The Police by Baawaa ( m ):
8:33am
BREAKING NEWS
BUHARI PROPOSES NEW SALARY FOR TEACHERS EQUAL SALARY WITH THE POLICE
:
New Teacher's Salary Structure
Gl 07= Assistant Education Officer (AEO) - N198,000
Gl 08= Education Officer (EO) - N254,000
Gl 09= Senior Education Officer (SEO) II - N271,000
Gl 10= Senior Education Officer (SEO) I - N296,000
Gl 12= Principal Education Officer (PEO) - N321,000
Gl 13= Assistant Chief Education Officer (PEO) - N342,000
Gl 14= Chief Education Officer (CEO) - N419,000
Gl 15= Assistant Director Education (ADE) - N483,000
Gl 16= Deputy Director Education (DDE) - N531,000
Gl 17= Director Education (DE) - N1.5million.
( Quote ) ( Report ) 2 Likes ( Like ) 1 Share ( Share )

Unverified news....

001bumsa:
BREAKING News,buhari Proposes New Salary For Teachers Equal With The Police by Baawaa ( m ):
8:33am
BREAKING NEWS
BUHARI PROPOSES NEW SALARY FOR TEACHERS EQUAL SALARY WITH THE POLICE
:
New Teacher's Salary Structure
Gl 07= Assistant Education Officer (AEO) - N198,000
Gl 08= Education Officer (EO) - N254,000
Gl 09= Senior Education Officer (SEO) II - N271,000
Gl 10= Senior Education Officer (SEO) I - N296,000
Gl 12= Principal Education Officer (PEO) - N321,000
Gl 13= Assistant Chief Education Officer (PEO) - N342,000
Gl 14= Chief Education Officer (CEO) - N419,000
Gl 15= Assistant Director Education (ADE) - N483,000
Gl 16= Deputy Director Education (DDE) - N531,000
Gl 17= Director Education (DE) - N1.5million.
( Quote ) ( Report ) 2 Likes ( Like ) 1 Share ( Share )

about time, our rewards should be here on earth and not in heaven

001bumsa:
BREAKING News,buhari Proposes New Salary For Teachers Equal With The Police by Baawaa ( m ):
8:33am
BREAKING NEWS
BUHARI PROPOSES NEW SALARY FOR TEACHERS EQUAL SALARY WITH THE POLICE
:
New Teacher's Salary Structure
Gl 07= Assistant Education Officer (AEO) - N198,000
Gl 08= Education Officer (EO) - N254,000
Gl 09= Senior Education Officer (SEO) II - N271,000
Gl 10= Senior Education Officer (SEO) I - N296,000
Gl 12= Principal Education Officer (PEO) - N321,000
Gl 13= Assistant Chief Education Officer (PEO) - N342,000
Gl 14= Chief Education Officer (CEO) - N419,000
Gl 15= Assistant Director Education (ADE) - N483,000
Gl 16= Deputy Director Education (DDE) - N531,000
Gl 17= Director Education (DE) - N1.5million.
( Quote ) ( Report ) 2 Likes ( Like ) 1 Share ( Share )

it can't be possible in Nigeria.

The Federal Account Allocation Committee (FAAC) on Wednesday disclosed that the three arms of government shared N619.857 as March revenue from funds generated in February.
Speaking at the event, the Account-General of the Federation, Mr Idris Ahmed, who was represented by the Director of Funds, Mohammed Usman disclosed that the gross statutory revenue received was N478.434 billion.
The sum is lower than the N505.246 billion received in the previous month by N26.812 billion.
He added that federation crude oil export sales increased by about 46% resulting in increased federation revenue from $425.00 million previously to $574.95 million.
“Shut-in and Shut-down persisted while some terminals remained closed due to leaks and maintenance.
“Petroleum Profit Tax (PPT) increased significantly while Companies Income Tax (CIT) recorded a marginal increase.
Revenues from Value Added Tax (VAT), oil royalty, import and excise duties decreased in February, 2019.
“The distributable statutory revenue for the month is N478.434 billion.
“The total revenue distributable for the current month (including VAT, exchange gain, excess bank charges recovered and forex equalisation) is N619.857 billion.
“Therefore, from the Total distributable revenue for the Month, the Federal government received N257.681 billion representing 52.68%; States received N169.925 billion representing 26.72%; Local government councils received N127.722 billion representing 20.60%; while the oil producing states received N50.946 billion also representing 13% derivation revenue,” he explained.
Usman also revealed that the balance on Excess Crude Account as at 27th March, 2019 stands at $183 million.
On the power loans given to states, Usman said the facility to states was not from ECA.
On whether the newly-approved N30,000 minimum wage may affect FAAC disbursements, he assure that salaries will be paid as and when due.
“We’ve not veered off from normal template. Ups and downs may come but we’ll stabilise,” he added

001bumsa:
BREAKING News,buhari Proposes New Salary For Teachers Equal With The Police by Baawaa ( m ):
8:33am
BREAKING NEWS
BUHARI PROPOSES NEW SALARY FOR TEACHERS EQUAL SALARY WITH THE POLICE
:
New Teacher's Salary Structure
Gl 07= Assistant Education Officer (AEO) - N198,000
Gl 08= Education Officer (EO) - N254,000
Gl 09= Senior Education Officer (SEO) II - N271,000
Gl 10= Senior Education Officer (SEO) I - N296,000
Gl 12= Principal Education Officer (PEO) - N321,000
Gl 13= Assistant Chief Education Officer (PEO) - N342,000
Gl 14= Chief Education Officer (CEO) - N419,000
Gl 15= Assistant Director Education (ADE) - N483,000
Gl 16= Deputy Director Education (DDE) - N531,000
Gl 17= Director Education (DE) - N1.5million.
( Quote ) ( Report ) 2 Likes ( Like ) 1 Share ( Share )

Story for the gods

President Muahmadu Buhari has finally signed the #30,000, minimum wage bill proposed by labour into law. It will take effect from the month of May to mark the workers day celebration.

Why president may not receive NASS report soon ON MARCH 26, 20195:54 AMIN NEWS0 COMMENTS By Henry Umoru ABUJA—

THERE are strong indications that President Muhammadu Buhari may not receive soon, report of the decisions of Senate and House of Representatives on the approved N30,000 as the accepted minimum wage for the Nigerian workers following the prevailing economic realities of the country as against the N27,000 proposed by the Federal Government.

Vanguard gathered, yesterday, that delay in the presentation of the report to the executive by the National Assembly may not be unconnected with the fact that the Senate and the House of Representatives will need to agree on some grey areas. Senate Vanguard further gathered that it had become imperative that both chambers will have a conference to address the issue of difference in the number of clauses.

While the Senate dealt with 18 clauses, the House of Representatives addressed 19 clauses, which explains why there must be a conference. Though both chambers had differently approved N30,000 as the new minimum wage for the workers, the difference in the number of clauses would make them have a conference. Against the backdrop that the Senate and the House of Representatives, last week adjourned plenary till April 2, to enable the lawmakers attend to the budget defence process, the minimum wage report will wait till they resume plenary

Read more at: https://www.vanguardngr.com/2019/03/why-president-may-not-receive-nass-report-soon/

Chibuking81:

https://www.vanguardngr.com/2019/03/why-president-may-not-receive-nass-report-soon/

Why president may not receive NASS report soon ON MARCH 26, 20195:54 AMIN NEWS0 COMMENTS By Henry Umoru ABUJA—THERE are strong indications that President Muhammadu Buhari may not receive soon, report of the decisions of Senate and House of Representatives on the approved N30,000 as the accepted minimum wage for the Nigerian workers following the prevailing economic realities of the country as against the N27,000 proposed by the Federal Government. Vanguard gathered, yesterday, that delay in the presentation of the report to the executive by the National Assembly may not be unconnected with the fact that the Senate and the House of Representatives will need to agree on some grey areas. Senate Vanguard further gathered that it had become imperative that both chambers will have a conference to address the issue of difference in the number of clauses. While the Senate dealt with 18 clauses, the House of Representatives addressed 19 clauses, which explains why there must be a conference. Though both chambers had differently approved N30,000 as the new minimum wage for the workers, the difference in the number of clauses would make them have a conference. Elections: Ensure ink does not spill beyond a box INEC tells voters Against the backdrop that the Senate and the House of Representatives, last week adjourned plenary till April 2, to enable the lawmakers attend to the budget defence process, the minimum wage report will wait till they resume plenary

Read more at: https://www.vanguardngr.com/2019/03/why-president-may-not-receive-nass-report-soon/

On Thursday, 28th of March, President Muhammadu Buhari has finally signed the N30,000 minimum wages proposed by Labour into law.
President Buhari said the payment of this new minimum wage will commence in May, 2019 to mark the international Workers’ Day.
The new minimum wage bill was passed by the national assembly last week Tuesday.

TheWatchDog:

On Thursday, 28th of March, President Muhammadu Buhari has finally signed the N30,000 minimum wages proposed by Labour into law.
President Buhari said the payment of this new minimum wage will commence in May, 2019 to mark the international Workers’ Day.
The new minimum wage bill was passed by the national assembly last week Tuesday.

That's good development. I have seen the Link.
https://www.informationng.com/2019/03/breaking-news-president-buhari-signs-new-minimum-wage-bill.html
BREAKING NEWS: President Buhari Signs New Minimum Wage Bill
by Olayemi Oladotun


On Thursday, 28th of March, President Muhammadu Buhari has finally signed the N30,000 minimum wages proposed by Labour into law.

President Buhari said the payment of this new minimum wage will commence in May, 2019 to mark the international Workers’ Day.

After them go say President Buhari is not doing anything. Next level on point

Chibuking81:

That's good development. I have seen the Link.
https://www.informationng.com/2019/03/breaking-news-president-buhari-signs-new-minimum-wage-bill.html
BREAKING NEWS: President Buhari Signs New Minimum Wage Bill
by Olayemi Oladotun


On Thursday, 28th of March, President Muhammadu Buhari has finally signed the N30,000 minimum wages proposed by Labour into law.

President Buhari said the payment of this new minimum wage will commence in May, 2019 to mark the international Workers’ Day.

https://www.vanguardngr.com/2019/03/nass-sends-n30000-minimum-wage-bill-to-buhari-for-assent/


I don't think its been signed.... Pres Buhari would sign such a bill a secretly? ...not even a twit?

tekxs:



https://www.vanguardngr.com/2019/03/nass-sends-n30000-minimum-wage-bill-to-buhari-for-assent/


I don't think its been signed.... Pres Buhari would sign such a bill a secretly? ...not even a twit?

I think you may be missing the dateline.
Your quoted say, NASS sent it on Wednesday then the earlier report says president sign it on Thursday. In all I think both added up. Even nlc, presidio confirm it been sent on Wednesday n awaiting presdido signing.
May is a month from now.

The Federal Government on Wednesday, shared N619.85 billion, as revenue generated in February to the three tiers of government.

The Accountant-General of the Federation (AGF), Mr Ahmed Idris, said the amount showed an increase of about N9.49 billion from what was shared for January allocation.

Idris, who was represented by the Director of Funds, Office of the AGF, Mr Mohammed Usman, made this known during a news conference at the end of the monthly Federation Accounts Allocation Committee (FAAC) meeting in Abuja.

A breakdown of the revenue accrued in February, showed that the mineral revenue increased by N23.57 billion, moving from N326.52 billion in January to N350.09 billion in February.

The non-mineral revenue, however, decreased by N46.27 billion, from N170 billion in January to N124.32 billion in February.

According to him, in February, the federation crude oil sales rose by 46 per cent, resulting in increased federation revenue from 425 million dollars in January to 574 million dollars in February.

Idris said; “Shut in and shut down persisted while some terminals remained closed due to leaks and maintenance.

“Petroleum Profit Tax increased significantly while Companies Income Tax recorded a marginal increase.

“Revenues from value added tax, oil royalty import and excise duties decreased in February, 2019.”

Idris said that the Federal Government received N223.15 billion, states got N113.18 billion and local governments received N87.26 billion for the February allocation.

In addition, N45.09 billion, representing 13 per cent of the mineral revenue was shared to oil producing states.

What is all this for naa?

Please note that PMB is yet to sign minimum wage

I c no reason y d minimuim wage should b increased and VAT and Tax increased. Is like giving with one arm and taking with both arms. Wel am watching

Any hope of alert this week?connected people find out

Any hope of alert this week?connected people find out; YES O. EXPECT ALERT 2DAY /2MORO.